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IN A SPEECH to the 18th World Petroleum Congress held in September in Johannesburg, Worldwatch Institute President Christopher Flavin declared that, "Global energy markets are at a tipping point, with new energy sources ready to begin replacing oil and fossil fuels." Speaking to 5,000 delegates, including ExxonMobil President Rex Tillerson and Saudi Oil Minister Ali Al-Naimi, Flavin said: "Energy markets are about to experience a seismic shift. The question ... is whether you're in the oil business or the energy business.
Production of biofuels, wind and solar power are all growing at …