BP has published its annual statistical review of world energy trends for over 60 years. This year’s report is as interesting as ever. A short video presentation and our takeaways are included below.
- Global energy consumption growth slowed to just 1.8% in 2012
- Energy efficiency improved at rates not seen in 30 years
- Energy consumption in developed countries has fallen for 5 straight years
- Saudi Arabia, UAE, and Qatar produced record levels of oil in 2012
- US saw the largest increase in oil production in the country’s history
- China consumed the majority of the world’s coal for the first time
- Nuclear power declined by more than 6% in 2012 (largest drop ever)
- China increased hydroelectric power generation by more than 22%
- Biofuels output declined globally
- Solar output grew by more than 50%, but renewables only county for 2% of energy
P.S. The Eagle Ford played a big part in helping grow U.S. oil production. Oil production reported to the Texas Railroad Commission has increased from ~200,000 b/d at the beginning of 2012 to estimates of almost 600,000 b/d in June of 2013.
If you are a stats junky, you might enjoy the “in depth” interview. It is a little longer – 9 minutes.