BP: World energy consumption grew 2.5 percent in 2011

It’s worthy of a double-take: China now represents half the world’s consumption and production of coal.

China’s share of coal consumption has risen from 30 percent in 2001 to about 40 percent in 2005 and to 49.4 percent in 2011.

U.S. coal consumption was down in 2011 to 13.5 percent of world total — its lowest share of world coal consumption in the 46 years of data provided by BP.

The statistics are from BP’s annual Statistical Review of World Energy, released June 13.

BP’s overarching observation about the 2011 data was that even with supply disruptions — the Arab Spring disruptions to oil supply and the pullback from nuclear following the Fukushima accident — global consumption continued to grow.

Open markets, the company’s media release summary of the data said, were important to the flexibility that made that possible.

The flexibility came at a price.

“Brent oil prices were on average 40 percent higher than 2010 and exceeded $100 a barrel for the first time ever; at $111.26/barrel, they were the second-highest in inflation adjusted terms, behind only 1864,” BP wrote.

A simple average of international coal prices increased 24 percent.

And with natural gas prices rising globally, falling U.S. gas prices were the notable exception to fossil energy price hikes.

Total world energy consumption grew 2.5 percent in 2011. That’s in line with growth over the past decade — although the recession was and is a major event in the U.S. and in developed economies in general, it’s just a 2009 hiccup in the world’s energy appetite.

All of the net growth in energy consumption took place in emerging economies, with China alone accounting for nearly three-quarters of consumption growth.

By fuel category:
Global oil production hit 84 million barrels per day, including crude oil, shale oil, oil sands and natural gas liquids — up 1.3 percent from the high set in 2010. The data are not broken down further to show the share that is made up of the lower-net-energy-content components compared with crude.
China dominated the coal scene. Worldwide, production increased 6 percent in 2011, with China’s production increase making up 70 percent of that. To be clear about the scale: U.S. production increased by 9 million metric tons in 2011 over 2010; China’s production increased by 285 million metric tons.
Gas production grew by 3.1 percent globally, but by 7.7 percent in the U.S. The U.S. surpassed the Russian Federation in 2010 to become the world’s biggest gas producer and pulled further ahead in 2011 to produce 20 percent of the world’s gas.
Renewable energy used in power generation rose by 17.7 percent. Wind energy increased by more than 25 percent and accounted for more than half of renewable power generation for the first time, with the U.S. and China adding the most wind generation.

BP conducts a simplistic calculation for carbon dioxide emissions, applying standard factors for carbon content of oil, coal and natural gas to each country’s consumption.

By that rough method, carbon emissions increased 3 percent in 2011 over 2010. Having surpassed the U.S. in 2006 for carbon emissions, China accounted for 26.4 percent of emissions; the U.S., 17.7 percent. China only passed the U.S. in

Data, text and interactive charts may be accessed on BP’s website.

Source: Statejournal