![]() Including Canadian oil sands brings total oil reserves to 1,476 billion barrels. Global oil proved reserves at the end of 2009 totaled 1,333.1 billion barrels, the largest ever recorded by BP. The increase in non-hydroelectric renewable consumption resulted from government subsidies and mandates, stimulus funding, feed-in tariffs requiring that renewable energy be purchased at higher than average retail electricity prices to cover their cost, the United Nations’ Clean Development Program (under which wealthy nations pay developing countries to construct renewable power projects), and other incentives. In 2009, global consumption of oil, natural gas, and nuclear power declined, while global coal consumption remained almost flat, and renewable consumption increased modestly. īP’s Statistics for Global Energy Consumption That would reduce temperatures by only one-fifth of one degree Fahrenheit by 2100, a scientifically meaningless amount. The American Power Act, a legislative proposal sponsored by Senators Kerry and Lieberman, has as its goal to reduce greenhouse gas emissions 83 percent below 2005 levels by 2050. Unlike the United States Congress and the administration, these emerging countries are not under the delusion that cap-and-trade or other tax-like policies for reducing greenhouse gas emissions are either good for their economies or that their unilateral action in reducing emissions would make a dent in lowering future temperatures. India’s carbon dioxide emissions increased by 7 percent in 2009, Saudi Arabia’s by 5.4 percent, Iran’s by 4.6 percent, and Indonesia’s by 2.5 percent. Further, China was not the only emerging country with increased emissions of carbon dioxide in 2009. China’s carbon dioxide emissions grew by 9.1 percent in 2009, while those of the United States declined by 6.5 percent primarily owing to lower energy usage resulting from the recession. ![]() Its subsequent emission of carbon dioxide, the largest component of greenhouse gas, is at an all-time high. This is 119 years of production at 2009 production levels and the United States has the largest share (28 percent) of these coal reserves.Ĭarbon Dioxide Emissions Fall in Developed Countries, Rise in Developing CountriesĪccording to BP’s 2010 Statistical Review of World Energy, the global recession has not affected China’s thirst for fossil energy. Global reserves of coal totaled 826,001 million tons at the end of 2009. Global proved coal reserves are at the highest levels of all time.China’s oil consumption increased by 6.7 percent in 2009, compared to a drop in the oil consumption of the United States by 4.9 percent.China is not the only emerging country with increased emissions from carbon dioxide in 2009.Carbon dioxide emissions in the United States declined by 6.5 percent mainly due to lower energy usage resulting from the recession.China’s carbon dioxide emissions grew by 9.1 percent in 2009.These reserves would last about 63 years at 2009 world production levels. Global reserves of natural gas at the end of 2009 were 6,621 trillion cubic feet, an increase of 1.2 percent. Global proved natural gas reserves are at the highest levels of all time.The United States surpassed Russia as the world’s largest producer of natural gas.At the end of 2009, there were 1,333.1 billion barrels of proven reserves. Global proved oil reserves are at the highest levels of all time.In 2009, Russia surpassed Saudi Arabia as the world’s largest oil producer.The United States increased its oil and natural gas production more than any country.This year, however, the release of the report was overshadowed by BP’s struggle to stop the flow of oil from the Macondo well and to deal with the aftermath of the tragic explosion on the Deepwater Horizon which killed 11 people.ĭespite the timing, there is important information in this review. This report is greeted by energy experts as one of the best snapshots of the world energy situation. Every year BP releases a Statistical Review of World Energy.
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