Natural Gas to Be the Major Fuel Source by 2030

Bloomberg reported that the International Energy Agency says natural gas will become the most-used fuel in the world by 2030.

As quoted in the market report:

 So-called unconventional gas, extracted from sources including shale rock and coal beds, will account for almost half of the increase in global output of the fuel by 2035, the Paris- based adviser to 28 industrialized nations said today in its World Energy Outlook. U.S. production will rise 23 percent and supply most of the growth along with China and Australia.

To view the whole Bloomberg report, click here.