IEA: Global energy reserves ample but difficult, costly to develop

Robert Priddle, (second from left) executive director of the International Energy Agency, is flanked by other IEA officials as he responds to reporters' questions about the IEA's new global energy supply study unveiled at a World Energy Congress press conference in Buenos Aires Oct. 23.Click here to enlarge imageThe world has ample energy reserves to meet its needs for the next 20 years and for decades beyond that. But a complicated welter of economic, geopolitical, and environmental challenges must first be overcome to turn those reserves into available supplies. And even at that, massive investments will also be required to develop those energy reserves-as much as a cumulative...

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