Highlights From the 2018 BP Statistical Review of World Energy

Highlights From the 2018 BP Statistical Review of World Energy

Guest highlighting by David Middleton

Statistical Review of World Energy

Global primary energy consumption grew strongly in 2017, led by natural gas and renewables, with coal’s share of the energy mix continuing to decline

Energy developments

  • Primary energy consumption growth averaged 2.2% in 2017, up from 1.2 % last year and the fastest since 2013. This compares with the 10-year average of 1.7% per year.
  • By fuel, natural gas accounted for the largest increment in energy consumption, followed by renewables and then oil.
  • Energy consumption rose by 3.1% in China. China was the largest growth market for energy for the 17th consecutive year.

Carbon emissions

  • Carbon emissions increased by 1.6%, after little or no growth for the three years from 2014 to 2016.

[…]

BP

Despite the Never-Ending Death of Coal: It’s Still a Fossil Fueled World

 

Despite the best efforts of breathless Bloomberg New Energy Finance headlines, it remains a fossil fueled world.

 

Can you see solar power on the graph?

Fossil fuels accounted for 85% of global primary energy consumption in 2017.

 

53rd Consecutive Year: Peak Oil and Gas Are Still Just Over the Horizon

Crude Oil Proved Reserves = 47 years of current consumption.

Natural Gas Proved Reserves = 19 years of current consumption.

 

Note to both Peak Oilers and Abiotic Aficionados: Proved reserves are a fraction of the oil & gas that are likely to be produced from existing wells in existing fields.

New From BP: Minerals Production, Reserves and Prices

This year, BP has included tabs for Cobalt, Lithium, Graphite and Rare Earth mine production and reserves, a tab with Cobalt and Lithium prices.  I cross-plotted Lithium prices with EV sales

That’s just the US… What about the rest of the world?

The IEA says we need 600 million EV’s on the road by 2040 to save us from Gorebal Warming… Meaning we need to sell an average of 26 million EV’s per year over the next 23 years… Assuming the 4 data point trend is meaningful, it would put lithium at nearly $230,000/tonne. Too fracking funny!

via Watts Up With That?

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September 12, 2018 at 07:55AM

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