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.
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According to the 2015 BP Statistical Review of World Energy, global total reserve levels, by fossil fuel, are now: 892 billion tonnes of coal, 186 trillion cubic meters of natural gas, and 1,688 billion barrels of crude oil. While these numbers may seem large at a glance, at today's level of extraction BP's estimated proved reserves of coal would be exhausted in 113 years, the last cubic meter of natural gas in 2069, and the entirety of crude oil reserves by 2067. BP dutifully acknowledges the abundance of factors that could easily alter these projections, but that does not alter the global policy imperitive to support sustainable fossil...
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