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    market news

    Natural Gas to Be the Major Fuel Source by 2030

    Investing News Network
    Nov. 12, 2012 08:08AM PST
    Oil and Gas Investing

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

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