Financial Times: IEA expects coal to rival oil by 2017

Coal will rival oil as the world’s top source of energy in five years, as the mineral benefits from booming demand for electricity generation and steel and cement production in China, India and other emerging nations of Asia.

The International Energy Agency on Tuesday said that by 2017 coal “will come close” to surpassing crude oil as the world’s top energy source even if demand growth for coal slows down somewhat from the torrid pace of the past decade.  MORE