In March, US President Donald Trump issued the “Energy Independence” executive order, requiring the US Environmental Protection Agency to rewrite the Clean Power Plan, a keystone of former President Obama’s efforts to address climate change. According to experts from the Trump administration, rejecting federal support for alternative energy and delaying the full transition of the US economy to renewable resources will reduce the US budget by approximately 18 percent.
While the executive order may seek to revive the coal industry by allowing development of US coal deposits, the US will face challenges meeting the order’s twin aims for energy self-sufficiency and a zero trade balance. The US will have to compete for market share with other coal producers during a period when forecasts show production of coal globally will outstrip growth in coal consumption.
It's a one pager PDF full of live links to energy-related data, statistics, and dashboards from leading industry sources. It will be a useful resource for any analyst, business executive, or researcher with an interest in the oil & gas industry, energy companies, biofuels and much more.
According to the latest BP Statistical Review of World Energy, total global reserves, by fossil fuel, are now: Coal - 1,139 billion tonnes Natural Gas - 187 trillion cubic meters Crude Oil - 1,707 billion barrels While these volumes may seem large at a glance, at today's level of extraction and production rates, BP's estimated proved reserves*, by fossil fuel, would be exhausted as follows: Coal - year 2169 Natural Gas - year 2068 Crude Oil - year 2066 BP dutifully acknowledges the abundance of factors that could easily alter these projections, but these factors do not alter the global policy imperitive to support sustainable fossil...
One of the most important trends of the global energy market in 2016 was significant growth of renewables consumption by almost 15 percent. The largest increase was shown by solar energy. For example, solar cumulative installed PV power was increased by 33 percent during 2016. China is the top country by solar energy consumption in the world. As of 2016, solar energy consumption in China was 66.2 terawatt-hours. The top 5 countries also includes the United States, Japan, Germany, and Italy. The trends across key energy sectors are as follows:In the oil sector, Russia overtook the United States by the oil production but Saudi Arabia...
Energy Production Forecast | Energy Consumption Forecast Source: BP Energy Outlook 2035, February 2015
Key Findings: 1) India has a good reserve of coal and lignite the estimated reserves of coal was around 286 billion tones, an addition of 9 billion over the last year 2) There is high potential for generation of renewable energy from various sources- wind, solar, biomass, small hydro and cogeneration bagasse. The total potential for renewable power generation in the country is estimated at 89760 MW