December 2013

Trends and Resources

HP Impact: Fossil fuels dominate global primary energy consumption

Oil, natural gas and coal accounted for 87% of global primary energy consumption in 2012, according to a new Worldwatch Institute study. The relative weight of these energy sources keeps shifting, alt..

Thinnes, Billy, Hydrocarbon Processing Staff

Oil, natural gas and coal accounted for 87% of global primary energy consumption in 2012, according to a new Worldwatch Institute study. The relative weight of these energy sources keeps shifting, although only slightly. Natural gas increased its share of energy consumption from 23.8% to 23.9% during 2012, coal rose from 29.7% to 29.9%, and oil fell from 33.4% to 33.1%. The International Energy Agency predicts that, by 2017, coal will replace oil as the dominant primary energy source worldwide. The shale boom in the US is reshaping global oil and gas markets. The US produced oil at record levels in 2012 and is expected to overtake Russia as the world’s largest producer of oil and natur

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