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 fuel extraction and development. All we need now is to define "sustainable" against ever changing market, political, and social conditions.
* Estimated years of extraction-remaining are estimated as the ratio of proved reserves to production per year.
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.
The World Energy Outlook is the International Energy Agency's annual flagship publication that provides long-term projections of energy demand, production, trade and investment, by fuel and by region, under several policy scenarios*. These projections currently extend to 2040. WEO-2015 presents three main scenarios that are differentiated by their energy and climate policy assumptions, with the future energy picture that they portray varying significantly, and introduces a forth in this latest edition:The New Policies Scenario – the central scenario – describes a pathway for energy markets based on the continuation of existing policies and...
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