Wednesday, July 08, 2009

BP Statistical Review of World Energy

The 58th annual BP Statistical Review of World Energy, released a few weeks ago, documents one of the wildest and most significant energy years on record. In addition to record rise and collapse in oil prices, I was surprised to read that annual oil prices rose for a 7th consecutive year, a first in the 150 year history of the oil industry.

A few other tidbits:

Development of unconventional gas drove the largest ever increase in US natural gas supply

All the net growth in energy consumption came from the rapidly industrializing non-OECD economies, with China alone accounting for nearly three-quarters of global growth

For a sixth consecutive year, coal was the fastest-growing fuel – with obvious implications for global CO2 emissions.

No comments:

Post a Comment