BP's Statistical Review of World Energy

Provided below are several interesting points from BP's 2011 Statistical Review of World Energy - -

• Global oil production posted its biggest increase since 2004 last year.
• Oil production grew by 2.2% in 2010, while oil consumption grew by 3.2%
• Demand across the energy board grew by 5.6% - - the biggest annual gain since 1973.
• Growth was above the long-term trend in every region of the world and almost every fuel reached record levels of use.
• Coal consumption - - up 7.6%.
• Natural gas consumption - - up 7.4%.
• Hydroelectric consumption - - up 5.3%.
• Renewables consumption - - up 15.5%.
• Uranium consumption - - flat.
• Part of this is cyclical - - energy demand tends to fall faster than GDP when things go wrong, and grows faster when the situation improves.
• But some of this structural - - growth in the developing world is driving energy consumption.
• The developing world is less efficient in terms of energy utilization than the developed world.
• Coal was up so much because of the developing world.
• Energy related carbon dioxide grew by 5.8% - - the highest level since 1969.
• Gas production in the U.S. - - 23% from shale formations.
• Global LNG production capability has increased by 58% - - global LNG trading has increased from 23% to 31% as a share of the international market.
• Gas's share of energy provision overtaking coal's in less than 20 years.