‘China, India making rapid strides in energy field’
The upcoming World Energy Outlook 2007 will study this phenomenon and its potential implications. While Russia has consolidated its position as a dominant oil and gas producer, the Organisation of the Petroleum Exporting Countries (OPEC) continues to control the largest reserves.
On the other hand, OECD production is on the decline, with the exception of non-conventional resources. Meanwhile, many poor developing countries suffer from inadequate access to energy. In this scenario, unless new policies are adopted, our current path is simply unsustainable, said Mr Mandil.
