Friday, June 22, 2012

Nice graphic showing world-wide energy consumption by source. You "Greenies" are going to pass out, so pull your bike over to the side of the road before looking...

This graph (HT: The Conversable Economist) shows world consumption of energy by source since 1986.  There is good news and bad news and good news and bad news.

Oil consumption has been relatively level even though population and economic growth in developing countries have increased (good news).  However, the consumption of coal has increased (bad news), most likely in response to the population and economic growth increase. Natural gas, a cleaner fossil fuel, has come on line lately (good news). 

Look closely at the Orange area. That is for "renewables"--wind, solar, etc.  Increasing, but still a very small part of the overall energy picture. 

Like it or not, we are going to be dependent on dirty fuels for a significantly long time. If our policies don't reflect that then we are going to be in an economic funk for a long time as well. 

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