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Posts tagged “bp statistical review”

By Robert Rapier on Aug 27, 2013 with 24 responses

The Carbon Dioxide Problem Worsens

Introduction

This is the 6th and final installment in a series that examines data from the 2013 BP Statistical Review of World Energy.

The previous posts were:

Today’s post looks at carbon dioxide emissions, and if you are concerned about climate change the results aren’t good.

The “highlights” are:

  • Global carbon dioxide emissions increased by 1.9% to reach a new record high in 2012
  • China led all countries in the categories of most carbon dioxide emitted and the greatest increase in emissions
  • The US had the greatest decline of any country, with carbon dioxide emissions falling by 217 million metric tons from 2011 levels
  • However the US is responsible for 25% of the carbon emitted to the atmosphere over the past 50 years
  • Of the countries tracked, 25 saw decreased carbon dioxide emissions from 2011 levels and 39 countries experienced increased emissions

Emissions Keep Climbing

Global carbon dioxide emissions increased to 34.4 billion metric tons (BMT) in 2012. This was a new global record, 1.9% above the previous record set a year earlier. Over the past decade carbon dioxide emissions have increased by 32%. And since 2004 the increase in global emissions has been 5.9 BMT, which is an increase greater than total US emissions.

Global CO2 Emissions

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By Robert Rapier on Aug 20, 2013 with 10 responses

King Coal Gets Fatter, While The US Goes on a Diet

Introduction

This is the 5th installment in a series that examines data from the recently released 2013 BP Statistical Review of World Energy. Next week’s installment will be on carbon dioxide emissions, and that will wrap up the series.

The previous posts were:

Today’s post delves into the global coal picture. The highlights are:

  • Global coal consumption reached an all-time high in 2012
  • China continues to dominate the global supply and demand picture in coal
  • Outside of China, coal consumption has been on the decline
  • The US has recently had the largest declines in coal consumption of any country in the world
  • Many European countries have experienced strong percentage gains in their coal consumption

Coal Consumption

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By Robert Rapier on Aug 7, 2013 with 5 responses

The U.S. is the Gassiest Country

Introduction

This is the 4th installment in a series that examines data from the recently released 2013 BP Statistical Review of World Energy. The previous posts were:

Today’s post delves into the natural gas production picture.

The US as Gas King

Over the past seven years, the US has firmly established itself as the global king of natural gas production (and consumption). In 2011, the US produced 62.7 billion cubic feet per day (bcfd) — more natural gas than any country had ever produced in a single year. That record fell in 2012 when the US produced 65.7 bcfd — which represented just over 20% of all the natural gas produced in the world. And thus far in 2013, US natural gas production is running ahead of 2012’s record production level.

US Gas Production

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By Robert Rapier on Jul 29, 2013 with 5 responses

The State of Oil According to BP

This is the 3rd installment in a series that examines data from the recently released 2013 BP Statistical Review of World Energy. The previous posts - Renewable Energy Status Update 2013 and Hydropower and Geothermal Status Update 2013 – focused mainly on renewables. This post delves into the world’s oil production and consumption patterns.

Global Oil Consumption

Global oil consumption trends received a lot of misleading press coverage shortly after the Statistical Review was released. Many of the news articles reported that global oil consumption is slowing. I addressed this in some detail in Did Global Oil Consumption Slow in 2012?, but the gist is that global oil consumption increased in 2012 to a record 89.8 million barrels per day (bpd). Global oil production also achieved a new record of 86.2 million bpd. (The reason the consumption and production number aren’t in sync is that ethanol and biodiesel are included in the consumption number, but the production number represents only “crude oil, shale oil, oil sands and natural gas liquids.”)

global oil consumption CONTINUE»

By Robert Rapier on Jul 19, 2013 with 9 responses

Hydropower and Geothermal Status Update 2013

This is the 2nd installment in a series that looks at the recently released 2013 BP Statistical Review of World Energy. The previous post – Renewable Energy Status Update 2013 – focused mainly on wind and solar power. This post delves into hydropower and geothermal power. Some of the BP data is supplemented by REN21′s recently-released 2013 Renewables Global Status Report (GSR). (Disclosure: I have been a reviewer for the GSR for the past three years).

Hydropower

Hydropower accounts for more electricity production than solar PV, wind, and geothermal combined. In 2012, hydropower accounted for 16% of the world’s electricity production. However, hydropower gets far less press because it is a mature technology with a much lower annual growth rate than most renewables. While solar PV increased capacity by an average of 60% per year over the past 5 years, new hydropower capacity increased at a much more modest annual rate of 3.3%.

Hydropower Graph for ETI

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By Robert Rapier on Jul 13, 2013 with 22 responses

Renewable Energy Status Update 2013

Today I begin a series that looks at the recently released 2013 BP Statistical Review of World Energy. Because the past two posts have dealt with the Keystone XL pipeline project, I thought it would be a good change of pace to kick off this series by looking at the current global picture of renewable energy. Additional articles in the series will examine the world’s fossil fuel consumption and carbon emissions.

Overall, renewable energy once more displayed very strong growth in 2012. Renewable energy accounted for 2.4% of global energy consumption in 2012, and a record 4.7% of global power generation.

The only renewable energy sector that stagnated in 2012 was the production of biofuels. For the first time since 2000, global biofuels production declined. This decline was primarily a result of a 4.3% drop in the production of biofuels in the US (but I expect production will be higher for 2013).

Biofuels CONTINUE»

By Robert Rapier on Jun 18, 2013 with 5 responses

Did Global Oil Consumption Slow in 2012?

I hate the phrase “Innocent until proven guilty.” When serial killer Ted Bundy killed his first victim, he wasn’t innocent just because a court had yet to convict him. The correct phrasing — which practically nobody uses — is “Presumed innocent until proven guilty.” Yet nearly everyone says that a person is innocent until proven guilty. Most people know what is meant when someone says this, but there is the potential for confusion.

Language is important. The way we write and say things is important. I can’t count the number of times I have seen a news headline that would lead most people to conclude something entirely different than what the data actually suggested.

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By Robert Rapier on Aug 13, 2012 with 4 responses

How to Acquire Accurate Energy Data and Statistics

Note: I am back in Hawaii after a long road trip, so my posting frequency will return to normal. I intend to record new R-Squared Energy TVs in the near future as well.

In last week’s Energy Trends Insider our featured stories were How to Acquire Accurate Energy Data and StatisticsInvestment Opportunities in Indian Energy Infrastructure, and a Subscriber Question on Cheap Natural Gas — A Threat to Chemical and Biofuels Producers. As we have done previously, we would like to share one of those stories with regular readers of this column. Interested readers can find more information on the newsletter and subscribe at Energy Trends Insider.

How to Acquire Accurate Energy Data and Statistics

Making good investment decisions requires access to timely, reliable data. There are a number of good sources of data, each with particular strengths and weaknesses. Here I discuss three that I frequently use. CONTINUE»

By Robert Rapier on Jul 9, 2012 with 45 responses

Renewable Energy — Facts and Figures

Today’s article is the 5th and final installment of my graphical look at the recently released 2012 BP Statistical Review of World Energy. Previous installments were:

Today’s article looks at the explosive growth of renewable energy, but also places it in the context of our overall energy demands.

Rapid Rise in Biofuels Production — U.S. Takes the Lead 

The first graphic shows the rapid rise in global biofuel production that has occurred in the past decade — led by the United States. CONTINUE»

By Robert Rapier on Jul 2, 2012 with 27 responses

Global Carbon Dioxide Emissions — Facts and Figures

In the first installment of this series, I reviewed U.S. and global oil reserves according to the 2012 BP Statistical Review of World Energy. The second installment covered oil production, and the third looked at global consumption trends. Today, I look at the growth of global carbon dioxide emissions since 1965. A great deal has changed over the past 46 years.

Major Worldwide Growth in CO2 Emissions

In the U.S., the public is bombarded with messages about climate change. One may get the impression that if we only stop the next pipeline and slow down the growth of Canada’s oil sands, we are one step closer to victory. But this is really akin to fighting a small local skirmish while a war rages on the other side of the globe. But the skirmish does not change the outcome of the war. I am going to take up this theme in a follow-up column, but for now let’s examine what’s going on in the world. CONTINUE»