birol

In a report published yesterday, the IEA confirmed comments made to the FT last week by Fatih Birol, the group's chief economist.

In an interview with the Monitor, Dr. Birol offered five ways for China to reduce its energy consumption over the coming decades.

As Fatih Birol, the IEA's chief economist, puts it: "If governments do not facilitate the investment, I don't think nuclear will fly. "

But the economic malaise and energy-efficiency programs in the U. S. brought forward the date of the milestone, Mr. Birol said.

However, according to Mr Birol, "it is not in the interest of anyone to see such high prices" .

However, Mr Birol said that efforts to curb oil speculation were "a good step" , but were not going to significantly reduce prices.

The greatest driver for oil demand will come from the transportation sector, ac-cording to Fatih Birol, the IEA's chief economist.

"There's still a major gap between the current pledges and the desired outcome, " said Fatih Birol, the IEA's chief economist.

"What kind of cars Chinese are going to chose will determine the car production line, " says Birol.

"Oil prices are entering a dangerous zone for the global economy, " said Fatih Birol, the IEA's chief economist.

Mr Birol's statement suggests that the IEA has extended a tentative foot into the other camp.

Fatih Birol, chief economist at the International Energy Agency said this, "low oil" era is over.

Of 60 nuclear power plants currently under construction worldwide, one-third are going up in China, according to Birol.

"I am sorry to say this, but we are headed toward really bad days, " IEA chief economist Fatih Birol told TIME this week.

Fatih Birol, the IEA's chief economist, argues the world needs a "revolution" in the energy and vehicle industries.

Fatih Birol, IEA chief economist, warned: "Our energy system's wheels may fall off. "

Fatih Birol told the Financial Times that prices higher than about $70 could damp a world economic recovery.

Mr Birol said China was doing the right things to curb emissions.

"A nice utopia" is how Mr Birol describes the hope of keeping a rise in global temperatures below 2C.

Birol said that upstream investment in oil fell in 2008, which could bolster prices as demand picks back up.

"Security of supply and climate change are what we are worried about, " Fatih Birol, the IEA's chief economist, said yesterday.

"There will be a big multiplier effect, " Fatih Birol, the IEA's chief economist.

"There will be a big multiplier effect, " Mr Birol said.

But holding emissions to 450ppm would reduce the industry's revenue by 16% to $24tr, said Birol.

Mr Birol notes that the highest annual rate on record is 2. 5%, in the wake of the first oil shock.