Short paper: The Global Energy picture: non-renewables
UNknown00
Module3-UnitB-International.pptxThe Global Energy picture: nonrenewables
ENERGY INDUSTRY FUNDAMENTALS: MODULE 3, UNIT B— Overview of Generation Fuel Sources
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A Nonrenewable Energy Source…
Will not be replenished naturally
A finite amount exists—once it’s gone there is no more
Fossil fuels [petroleum, coal, natural gas]
Radioactive ore
ENERGY INDUSTRY FUNDAMENTALS: MODULE 3, UNIT B— Overview of Generation Fuel Sources
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Global Electricity Generation by Fuel: Now and in the Future (Measured in Trillion Kilowatthours per Year)
Source: DOE/EIA-0484(2015)
ENERGY INDUSTRY FUNDAMENTALS: MODULE 3, UNIT B— Overview of Generation Fuel Sources
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Trends 2007 - 2035
If fossil fuel use continues to increase at the current rate, in 2035 they will provide nearly 80% of the world’s energy
Petroleum will remain the world’s single largest energy source even as its share of total energy use declines
The use of renewable energy sources will outpace the growth of petroleum use—growing 111% over the 28-year forecast period
International Energy Outlook, 2010, U.S. Energy Information Administration
ENERGY INDUSTRY FUNDAMENTALS: MODULE 3, UNIT B— Overview of Generation Fuel Sources
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Trends 2007 – 2035: Natural Gas
Natural gas consumption is expected to increase 44% globally
Developing Asian countries account for 35% of the increase in natural gas consumption
The Middle East accounts for 32% of the increase in natural gas production
International Energy Outlook, 2010, U.S. Energy Information Administration
ENERGY INDUSTRY FUNDAMENTALS: MODULE 3, UNIT B— Overview of Generation Fuel Sources
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Trends 2007 – 2035: Nuclear Power
Nuclear power generation is expected to increase 74% globally
86% of the uranium currently used in U.S. reactors is imported
42% comes from Australia and Canada
33% comes from Kazakhstan, Russia and Uzbekistan
11% comes from Brazil, the Czech Republic, Namibia, Niger, South Africa, and the U.K.
U.S. Energy Information Administration Energy Kids
ENERGY INDUSTRY FUNDAMENTALS: MODULE 3, UNIT B— Overview of Generation Fuel Sources
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Trends 2007 – 2035: Coal
Coal use is expected to grow 56% globally
China and India account for 85% of this increase
The U.S. imports only 2% of the coal it uses and exports 5.5% of the coal it produces
International Energy Outlook, 2010, and Coal Imports and Exports Explained, U.S. Energy Information Administration
ENERGY INDUSTRY FUNDAMENTALS: MODULE 3, UNIT B— Overview of Generation Fuel Sources
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Petroleum Production & Use
The next 4 slides provide statistics about oil production, consumption, importing and exporting in today’s market
Notice where the U.S. ranks in the charts
Compare U.S. numbers to those of other countries
All figures from the U.S. Energy Information Agency
ENERGY INDUSTRY FUNDAMENTALS: MODULE 3, UNIT B— Overview of Generation Fuel Sources
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Top Oil Producers (in thousands of barrels per day)
| 1 | United States | 15,123 |
| 2 | Saudi Arabia | 12,072 |
| 3 | Russia | 11,030 |
| 4 | China | 5157 |
| 5 | Canada | 4511 |
| 6 | Iraq | 4050 |
| 7 | United Arab Emirates | 3673 |
| 8 | Iran | 3447 |
| 9 | Brazil | 3183 |
| 10 | Kuwait | 2952 |
| 11 | Venezuela | 2685 |
| 12 | Mexico | 2625 |
| 13 | Nigeria | 2284 |
| 14 | Qatar | 2053 |
| 15 | Norway | 1958 |
Country Energy Data & Analysis, U.S. Energy Information Administration, 2015
ENERGY INDUSTRY FUNDAMENTALS: MODULE 3, UNIT B— Overview of Generation Fuel Sources
Beta data, not sure if this is accurate: https://www.eia.gov/beta/international/index.cfm?view=consumption
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Top Oil Consumers (in thousands of barrels per day)
| 1 | United States | na |
| 2 | China | 11,534 |
| 3 | Japan | 4,785 |
| 4 | India | na |
| 5 | Russia | na |
| 6 | Germany | na |
| 7 | Brazil | na |
| 8 | Saudi Arabia | 3237 |
| 9 | Canada | na |
| 10 | South Korea | na |
| 11 | Mexico | na |
| 12 | France | na |
| 13 | Iran | 1912 |
| 14 | United Kingdom | na |
| 15 | na | 1,639 |
Country Energy Data & Analysis, U.S. Energy Information Administration, 2015
ENERGY INDUSTRY FUNDAMENTALS: MODULE 3, UNIT B— Overview of Generation Fuel Sources
Beta data, not done yet: https://www.eia.gov/beta/international/index.cfm?view=consumption
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Top Oil Importers (in thousands of barrels per day)
| 1 | United States | 15,123 |
| 2 | Japan | 4,652 |
| 3 | China | 3,858 |
| 4 | Germany | 2,418 |
| 5 | South Korea | 2,144 |
| 6 | India | 2,078 |
| 7 | France | 1,915 |
| 8 | Spain | 1,534 |
| 9 | Italy | 1,477 |
| 10 | Taiwan | 939 |
| 11 | Singapore | 925 |
| 12 | Netherlands | 891 |
| 13 | Belgium | 706 |
| 14 | Turkey | 629 |
| 15 | Thailand | 572 |
Country Energy Data & Analysis, U.S. Energy Information Administration, 2015
ENERGY INDUSTRY FUNDAMENTALS: MODULE 3, UNIT B— Overview of Generation Fuel Sources
Beta data, not done yet: https://www.eia.gov/beta/international/index.cfm?view=consumption
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Top Oil Exporters (in thousands of barrels per day)
| 1 | Saudi Arabia | 8,406 |
| 2 | Russia | 6,874 |
| 3 | United Arab Emirates | 2,521 |
| 4 | Iran | 2,433 |
| 5 | Kuwait | 2,390 |
| 6 | Norway | 2,246 |
| 7 | Angola | 1,948 |
| 8 | Venezuela | 1,893 |
| 9 | Algeria | 1,888 |
| 10 | Nigeria | 1,883 |
| 11 | Iraq | 1,769 |
| 12 | Libya | 1,597 |
| 13 | Kazakhstan | 1,185 |
| 14 | Canada | 1,089 |
| 15 | Qatar | 1,085 |
Country Energy Data & Analysis, U.S. Energy Information Administration, 2015
ENERGY INDUSTRY FUNDAMENTALS: MODULE 3, UNIT B— Overview of Generation Fuel Sources
Beta data, not done yet: https://www.eia.gov/beta/international/index.cfm?view=consumption
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What Do These Numbers Mean…
…economically?
…politically?
…environmentally?
ENERGY INDUSTRY FUNDAMENTALS: MODULE 3, UNIT B— Overview of Generation Fuel Sources
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What Else Do You Need to Know?
Are there undiscovered/untapped resources?
How much is left?
How long will this resource last?
ENERGY INDUSTRY FUNDAMENTALS: MODULE 3, UNIT B— Overview of Generation Fuel Sources
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Fossil Fuel Reserves
Reserves are the estimated amount of resources that still lie beneath the ground
Estimates are based on the geology of the area and engineering data
ENERGY INDUSTRY FUNDAMENTALS: MODULE 3, UNIT B— Overview of Generation Fuel Sources
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Global Fossil Fuel Reserves:
| Coal | Oil | Gas | |||
| United States | 26.2% | Venezuela | Russia | 24.3% | |
| Russia | 17.7% | Saudi Arabia | Iran | 17.3% | |
| China | 12.9% | Canada | Qatar | 12.5% | |
| Australia & New Zealand | 8.7% | Iran | United States | 5.3% | |
| India | 6.3% | Iraq | Saudi Arabia | 4.3% | |
| Africa | 1.5% | Kuwait | Turkmenistan | 3.8% | |
| Rest of World | 26.7 % | Russia | United Arab Emirates | 3.1% | |
| U.S. Energy Information Administration, International Energy Outlook, May 2016, Tables 4, 6, and 9. | Rest of World | Rest of World | 29.4 % |
ENERGY INDUSTRY FUNDAMENTALS: MODULE 3, UNIT B— Overview of Generation Fuel Sources
Natural Gas: https://www.eia.gov/outlooks/ieo/table3-2.cfm
Coal: https://www.eia.gov/outlooks/ieo/table4-3.cfm
Oil: Still looking but go rankings by country from: http://www.worldatlas.com/articles/the-world-s-largest-oil-reserves-by-country.html
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What Do These Numbers Mean…
…economically?
…politically?
…environmentally?
ENERGY INDUSTRY FUNDAMENTALS: MODULE 3, UNIT B— Overview of Generation Fuel Sources
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For More Information
U.S. Energy Information Administration home page www.eia.gov
Short-Term Energy Outlook www.eia.gov/emeu/steo/pub/contents.html
Annual Energy Outlook www.eia.gov/oiaf/aeo/index.html
International Energy Outlook www.eia.gov/oiaf/ieo/index.html
Monthly Energy Review www.eia.gov/emeu/mer/contents.html
National Energy Information Center (202) 586-8800 Live expert from 9:00 AM – 5:00 p.m. EST Email: [email protected]
ENERGY INDUSTRY FUNDAMENTALS: MODULE 3, UNIT B— Overview of Generation Fuel Sources
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