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News Summary: China, India drive energy demand

Updated at: 11/12/2013 12:35 PM
By The Associated Press

POWER PLAY: The International Energy Agency says China and India are increasingly driving world energy demand as the United States’ production boom puts it on track to become independent of the global market.

HAZY FUTURE: The IEA warned that despite environmental policies being implemented by several of the world’s largest consumers, including the U.S. and China, current projections show that energy-related carbon dioxide emissions will rise 20 percent by 2035.

PRODUCTION: While the IEA sees global daily oil demand rising by 14 million barrels by 2035 to 101 million barrels, the production of conventional crude oil will fall by then to 65 million barrels a day.

(Copyright 2013 by The Associated Press. All Rights Reserved.)