US seen overtaking Saudis as world's biggest oil producer

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Agencies:  Nov 12 2012, 22:07 IST
rise in unconventional gas production.

The agency concluded that despite the rising use of low carbon energy sources, huge subsidies will keep fossil fuels "dominant in the global energy mix.''

"Taking all new developments and policies into account, the world is still failing to put the global energy system onto a more sustainable path,'' the IEA said.

Global energy needs are forecast to increase by a third by 2035, with 60 percent of the additional demand coming from China, India and the Middle East.

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