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World energy supply 'heading for crisis'

Earth News

Nov 08, 2006

THE world's energy supply is heading for crisis, the International Energy Agency (IEA) warned yesterday, predicting "skyrocketing prices or more frequent blackouts" unless urgent action was taken.
The IEA, an energy policy adviser for its 26 member countries including the UK and US, which was established during the oil crisis of 1973-1974, called on governments to build more nuclear power stations to help cut greenhouse gas emissions and also take steps to reduce the growth in demand for energy. It predicted that global energy needs will surge by 53 per cent over the next 25 years and that crude oil prices could exceed $100 a barrel by 2030.

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