Monday, July 04, 2011

Analysis of world energy consumption

Analysts at British Petroleum state that global energy consumption in 2010 grew by 5.6% with the OECD growth at 3.5% and non-OECD growth at 7.5%, the highest rate since 1973 with total energy consumption surpassing the pre-recession peak reached in 2008.
In their 60th annual review of world energy, "BP Statistical Review of World Energy June 2011", they state that oil at 34% continued as the world's leading fuel, followed by coal (30%), natural gas (24%),Hydel (6%), Nuclear (5%) and renewables (1%) although coal consumption grew by 7.6% and natural gas consumption grew by 7.4%.
India's energy consumption increased by 9.2% to 524 mil tonnes oil equivalent from 2009 on the back of a strong growth in coal consumption (11%) and natural gas (21%). Although nuclear energy grew 37%, it still constituted  1% of the energy mix.

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