Consumption


All posts for Consumption

EIA projects nearly 50% increase in world energy usage by 2050, led by growth in Asia

World industrial sector energy use increases by more than 30% between 2018 and 2050 as consumption of goods increases. This increase is largely driven by non-OECD countries, where transportation energy consumption increases nearly 80% between 2018 and 2050. Worldwide renewable energy consumption ...

Hui Shan


Posted 25 days agoLink > ConsumptionDemandIEO +2

The nonmetallic minerals industry is one of the world’s top energy users

In the industrial sector, the nonmetallic minerals industry is one of the largest energy users, accounting for 10% of global industrial sector energy use. The energy intensity of the nonmetallic minerals industry—energy consumed per unit of gross output—is higher than many other industries. By c ...

Hui Shan


Posted 1 month agoLink > DemandConsumptionIndustrial

This Week in Petroleum: EIA forecasts moderate inventory builds in 2020 and lowers crude oil price forecast

In the August 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts relatively flat crude oil prices for the remainder of 2019 and through 2020 and a balanced global oil market in 2019 followed by modest inventory builds in 2020 as production growth outp ...

Hui Shan


Posted 2 months agoLink > ConsumptionDemandprices +5

TODAY IN ENERGY: In the United States, most petroleum is consumed in transportation

Facing a tough situation where shale oil prices are depressed due to a lack of infrastructure to send them to the US Gulf Coast for processing and export, independent US shale drillers are facing financial pressure as loans are no longer handed out like candy and investors are demanding results. ...

Hui Shan


Posted 2 months agoLink > transportationConsumptionDemand +3

TODAY IN ENERGY: U.S. LNG exports to Europe increase amid declining demand and spot LNG prices in Asia

A warm winter in Asia and declining price differentials between European and Asian spot natural gas prices led to increased volumes of U.S. LNG exports delivered to Europe. Recent declines in price differentials between European pricing benchmarks (including National Balancing Point (NBP) in the ...

Hui Shan


Posted 2 months agoLink > pricesConsumptionDemand +9

TODAY IN ENERGY: In 2018, 90% of the natural gas used in the United States was produced domestically

EIA's U.S. natural gas flow diagram helps to visualize the elements of U.S. natural gas supply (production, imports, and withdrawals from storage) and disposition (consumption, exports, and additions to storage). U.S. natural gas production and consumption have both generally increased since the ...

Hui Shan


Posted 3 months agoLink > ProductionsupplyConsumption +6

Petroleum, natural gas, and coal continue to dominate U.S. energy consumption

Fossil fuels—petroleum, natural gas, and coal—have accounted for at least 80% of energy consumption in the United States for well over a century. Despite the increase, the fossil fuel share of total U.S. energy consumption in 2018 increased only slightly from 2017 and was the second-lowest share ...

Hui Shan


Posted 3 months agoLink > ConsumptionDemandCoal +4

Our Finite World: The World’s Fragile Economic Condition – Part 1

Posted on September 23, 2018 by Gail Tverberg Where is the world economy heading? In my opinion, a large portion of the story that we usually hear about how the world economy operates and the role energy plays is not really correct. In this post (to be continued in Part 2 in the ne ...

Gail Tverberg


Posted 1 year agoOpinion > Gail TverbergOur Finite WorldOil +3

How Energy Shortages Really Affect the Economy

Many people expect energy shortages to lead to high prices. This is based on their view of what “running out” of oil might do to the economy. In this post, I look at historical data surrounding inadequate energy supply. I also consider some of the physics associated with the situation. I see a str ...

Gail Tverberg


Posted 1 year agoOpinion > Our Finite WorldGail TverbergEnergy +6

Higher Economic Growth in Africa Could Lead to More Energy Use, Especially in Industry

Source: U.S. Energy Information Administration, International Energy Outlook 2018 Note: PPP is purchasing power parity. Africa, with its wealth of natural resources and fast-growing population, may have a significant impact on international energy markets over the next 25 years. The In ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > Economic GrowthAfricaEnergy +3

Supplemental Energy Puts Humans In Charge

Energy is a subject that is greatly misunderstood. Its role in our lives is truly amazing. We humans are able to live and move because of the energy that we get from food. We count this energy in calories. Green plants are also energy dependent. In photosynthesis, plants use energy from the sun to ...

Gail Tverberg


Posted 1 year agoOpinion > EnergyGail TverbergOur Finite World +2

China’s Projected Energy Consumption Mainly Depends on its Overall Growth Rate

Source: U.S. Energy Information Administration, International Energy Outlook 2018 Note: PPP is purchasing power parity. As the world's top producer of energy-intensive goods, China's energy consumption is tied to both its rate of economic growth and the size of its energy-intensive man ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > ChinaEIAEnergy Information Administration EIA +2

EIA’s Latest International Energy Outlook Highlights Analysis of China, India, and Africa

Source: U.S. Energy Information Administration, International Energy Outlook 2018 China, India, and Africa are three of the most populated parts of the world. Their economies collectively consume about one-third of all global energy, and their energy consumption is projected to grow faster ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > EIAEnergy Information Administration EIAEnergy +5

Petroleum, Natural Gas, and Coal Still Dominate U.S. Energy Consumption

Source: U.S. Energy Information Administration, Monthly Energy Review Today in Energy would like to wish you a happy Fourth of July. New articles will resume on Monday, July 9. Fossil fuels—petroleum, natural gas, and coal—have accounted for at least 80% of energy consumption in the U ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > EIAEnergy Information Administration EIAUnited States +7

Eight Insights Based on December 2017 Energy Data

BP recently published energy data through December 31, 2017 in its  Statistical Review of World Energy 2018 . The following are a few points we observe, looking at the data: [1] The world is making limited progress toward moving away from fossil fuels. The two bands that top fossil fuels that a ...

Gail Tverberg


Posted 1 year agoOpinion > EnergyBPGail Tverberg +6