Wind and Solar Scenarios and Non-Fossil Fuel open thread- May 25, 2016

D Coyne 325 Comments

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Wind and solar energy consumption have grown quickly from 1994 to 2014 based on data from BP’s Statistical Review of World Energy 2015 at a rate of 25% per year combined. Historical data on oil consumption from 1900 to 1975 shows that oil use grew by about 7% per year over that period. Note that this rate of growth was constrained by demand for energy as evidenced by very low oil prices from 1950 to 1972 and the high rates of oil consumption growth from 1960 to 1970.  World GDP and population grew rapidly over that period before supply constraints became apparent and rates of oil consumption growth slowed markedly after 1979.
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World Rig Count Still Falling

Ron Patterson 400 Comments

Baker Hughes recently published their International Rig Count. This rig count is at the end of April. It does not include the US, Canada, any of the FSU countries or inland China. The count includes both oil and gas rigs.

BH Total Intl.

Total International Rigs stood at 946 in April, down 39 for the month and down 436 rigs since the latest peak in July 2014.

BH Latin America

The Latin America rig count stood at 203 in April, down 15 rigs since April and down 204 since July 2014.

BH Europe

Europe rig count stood at 90 in April, down 6 in the last month and down 63 since July 2014.

BH Africa

African rigs seem to have leveled out. They stood at 90 in April, down only 1 from March. Africa’s latest peak was in November 2014 and they are down 52 from that point.

BH Middle East

The Middle East rig count had been holding steady but dropped 13 rigs in April. That is down 48 rigs since their latest peak in July 2014.

BH Total World

Baker Hughes’ total world rig count is just their total international rig count plus the US and Canada. It still does not include any FSU countries or inland China. The total world rig count did not start dropping until after November 2014 when it stood at 3,670 rigs. It is down 2,246 rigs since then and now stands at 1424 rigs after dropping 127 rigs in April.

BH US Monthly

The US monthly rig count dropped 41 rigs from March to April and now stands at 437. The Count stood at 1,925 in November 2014 and is down 1,488 rigs since that point.

BH Canada

The Canadian rig count is highly seasonal and usually peaks in February. The last normal February peak was in 2014 when it peaked at 626 rigs. The 2016 February peak was 211 rigs. The March to April decline was 47 rigs and their total rig count now stands at just 41 rigs.