I have pulled out a couple stats / graphs that jumped out at me:
- Energy demand growth is at it's highest in 30 years - outpacing economic growth (not unexpected as developing countries have become more energy hungry). This trend should become more dramatic as China and India GDP/capita explodes.
World Energy Consumption
- We really are a coal planet. Coal accounts for largest share of energy use (30%) - and is the largest energy source in Asia where demand growth is highest (China represents almost 50% of coal consumption). This is unsustainable in terms of air quality and CO2 emissions, and I view it as a positive indicator for the need for renewables.
Reserves / Production (years) by Source and Region
- Our reserves to production ratios for fossil fuels are actually increasing - this is counter to the "peak oil" theory of fossil fuels. In essence, we are getting better at finding and tapping difficult to get to resources - however, the incremental resources are at higher costs.
Reserves / Production (years) of Oil