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April 06, 2011

IEA World Energy Outlook 2010

Fossil fuel subsidies were $312 billion in 2009 and were $558 billion in 2008 The Fossil fuel consumption subsidies increase with higher oil prices. If oil subsidies were removed then oil demand would be 4.7 million barrels per day lower in 2020.



China's electricity demand is projected to triple from 2008 to 2035.

China and India will drive world energy demand growth

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