World Coal 2018-2050: World Energy Annual Report (Part 4)

09/20/201809/21/2018 D Coyne 251 Comments

A Guest Post by Dr. Minqi Li, Professor

Department of Economics, University of Utah
E-mail: minqi.li@economics.utah.edu
September 2018

This is Part 4 of the World Energy Annual Report in 2018. This part of the Annual Report provides updated analysis of world coal production and consumption, evaluates the future prospect of world coal supply and considers the implications of peak coal production for global economic growth.

This report uses Hubbert linearization to evaluate a region’s ultimately recoverable coal resources where a Hubbert linear trend can be meaningfully established, that is, where a clear downward trend of the annual production to cumulative production ratios can be identified and has been established for at least several years. Otherwise, this report uses alternative sources to establish a region’s ultimately recoverable coal resources, such as official reserves, official projections, or estimates made by energy research institutions.

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Figure 14 World Historical and Projected Coal Production, 1950-2050

Figures are placed at the end of each section. Read More

Open Thread Petroleum, Sept 20, 2018

09/20/201809/20/2018 D Coyne 260 Comments

Comments about petroleum production and related subjects here please.

Open Thread Petroleum, August 28, 2017

08/28/201808/28/2018 D Coyne 221 Comments

Comments related to oil and natural gas should be in this thread.

Thanks.

Non-Petroleum comments should be placed in the Electric Power Monthly thread.

Open Thread, August 20, 2018

08/20/201808/20/2018 D Coyne 313 Comments

General comments not related to petroleum production should be in this thread.

Thanks.

World Natural Gas 2018-2050: World Energy Annual Report (Part 3)

08/07/201808/07/2018 D Coyne 197 Comments

A Guest Post by Dr. Minqi Li, Professor

Department of Economics, University of Utah
E-mail: minqi.li@economics.utah.edu
August 2018

This is Part 3 of the World Energy Annual Report in 2018. This part of the Annual Report provides updated analysis of world natural gas production and consumption, evaluates the future prospect of world natural gas supply and considers the implications of peak natural gas production for global economic growth.

Natural gas is in a relatively early phase of depletion. According to the German Federal Institute for Geosciences and Natural Resources, world cumulative natural gas production up to 2016 was 117 trillion cubic meters, world natural gas reserves were 197 trillion cubic meters, and world natural gas resources were 643 trillion cubic meters (BGR 2017, Table A-15). BGR defines “resources” as “proven amounts of energy resources which cannot currently be exploited for technical and/or economic reasons, as well as unproven but geologically possible energy resources which may be exploitable in future” (BGR 2017, Glossary). According to the BP Statistical Review of World Energy, world natural gas reserves at the end of 2017 were 194 trillion cubic meters (166 billion tons of oil equivalent).

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World Historical and Projected Natural Gas Production, 1980-2050