The Review has comprehensive global coverage<\/strong> of every energy<\/strong> form as well as key minerals\u2014demand, supply, trade<\/strong>, prices. The focus of the Review this year is, rightly, global energy demand<\/strong> and CO2 emissions<\/strong>\u2014both of which increased last year, albeit at below-average rates.<\/p>\n There is much more for you to explore in the BP data<\/strong>.\u00a0\u00a0And there is also a lot you can do yourself with For example, global energy production:\u00a0\u00a0While BP produces<\/strong> a table with total\u00a0energy consumption<\/u><\/strong>\u00a0by country, it does NOT publish<\/strong> one for global\u00a0energy production<\/u><\/strong>.\u00a0\u00a0(I won\u2019t bore you with the reason, having to do with wide variances of energy content<\/strong> of oil production<\/strong> around the world.)<\/p>\n But a simplifying assumption (that oil production for every country has energy content<\/strong> in line with the global average) allows you to approximate<\/strong>, so you can build your own global energy production<\/strong> table from the fuel production tables<\/strong>.\u00a0\u00a0Not perfect, but a reasonable coping measure<\/strong> to draw some useful analytic insights.<\/p>\n Having retired from BP<\/strong> last year & now having time on my hands (NOT!), that\u2019s what I\u2019ve done.<\/p>\n Based on that constructed table, can you guess the answer to my question at the top?<\/p>\n Who is the world\u2019s largest energy producer?<\/strong><\/p>\n Saudi Arabia?\u00a0\u00a0Russia?\u00a0\u00a0The United States\u00a0<\/strong>\u2014 which is the world\u2019s biggest producer of oil<\/strong>, natural gas<\/strong>, and nuclear power?<\/strong><\/p>\n Nope.\u00a0\u00a0It\u2019s China\u2026 by a long way.<\/p>\n Why? Well, China is the world\u2019s biggest producer of hydroelectricity<\/strong> and other renewables<\/strong>. Indeed, China is the world\u2019s biggest producer of BOTH wind<\/strong> and solar energy\u00a0<\/strong>\u2014 bet you didn\u2019t know that!<\/p>\n But the real reason is coal.\u00a0\u00a0China is by far the world\u2019s biggest coal producer, accounting for nearly half of global production.\u00a0\u00a0(In contrast, the US as the biggest oil<\/strong> & natural gas supplier accounts<\/strong> for \u201conly\u201d 17% and 23%, respectively, of the global totals\u2026)\u00a0\u00a0The energy content of China\u2019s coal production<\/strong> is bigger than US oil, natural gas, and coal production<\/strong>\u00a0combined<\/em>.\u00a0\u00a0No other form of energy is dominated by one country like coal is by China.\u00a0\u00a0Within China, coal accounts for 58%<\/strong> of total energy use; for all other countries, coal\u2019s share of total energy use is just 17%<\/strong>.<\/p>\n This has massive implications for CO2 emissions<\/strong>, which fell significantly last year in the US<\/strong> and other mature economies<\/strong>, but increased in China<\/strong> and other emerging economies<\/strong>.<\/p>\n So China\u2019s the #1 energy producer<\/strong>. But who is changing fastest\u2014how about looking at energy supply\u00a0growth<\/u>\u00a0in 2019?<\/strong><\/p>\n Surely the continued massive growth<\/strong> of US oil<\/strong> and natural gas<\/strong> thanks to the shale revolution has to make the US the biggest source of energy supply growth?<\/strong>\u00a0\u00a0(Note that this data was recorded before the onset of the COVID-19 pandemic<\/strong>, which has driven US oil & gas production<\/strong> sharply lower this year\u2026)<\/p>\n Wrong again.\u00a0\u00a0The world\u2019s biggest growth<\/strong> in energy supply<\/strong> last year came from\u2026 China.<\/p>\n Overall US energy production<\/strong> did grow rapidly last year \u2013 by almost 6%<\/strong> \u2013 but oil & natural gas<\/strong> production increases were partly offset by a large decline in domestic coal production, which continues to lose market share in power generation to gas & renewables.<\/strong>\u00a0\u00a0Indeed, the US had the world\u2019s biggest decline in coal production<\/strong> last year.<\/p>\n While the US had the largest growth in oil & gas production<\/strong>, China had the largest growth in everything else:\u00a0\u00a0nuclear, hydro<\/strong>, other renewables<\/strong>\u2026 and in coal<\/strong> (though interestingly, the increase in coal barely accounted for half of China\u2019s total energy production growth last year).<\/p>\n By the way, China is the world\u2019s biggest producer AND consumer of energy. On the supply side, it passed the US in 2005; it became the biggest consumer in 2009<\/strong>. China produces 20%<\/strong> of global energy, while consuming 24%<\/strong> (with 18% of the world\u2019s population and about 16%<\/strong> of global GDP<\/strong> at market exchange rates).\u00a0The US consumes and produces 16%<\/strong> of the world total, with 4%<\/strong> of the population and 24%<\/strong> of global GDP.\u00a0With its heavy dependence on coal<\/strong>, China also accounts for nearly 30%<\/strong> of global energy-related CO2 emissions<\/strong>, compared with 15%<\/strong> for the US.<\/p>\n Even though the US didn\u2019t have the world\u2019s largest energy production increase in 2019, last year\u2019s growth DID achieve something extraordinary:\u00a0\u00a0The US Energy Department reports that in net terms, the US achieved overall energy self-sufficiency for the first time since 1952.\u00a0\u00a0China, on the other hand, was self-sufficient until the mid-1990s, and over the past 25 years has become the world\u2019s largest energy importer (net in energy terms), relying on imports to meet nearly 20% of total consumption.\u00a0\u00a0China imports more energy than Japan consumes.\u00a0\u00a0But note:\u00a0\u00a0China has managed to slightly improve its energy self-sufficiency in recent years, with domestic forms of energy growing more rapidly than imports.<\/p>\n Bottom line:\u00a0\u00a0While the shale revolution in the US has been a game-changer for the US domestic energy situation, and for global oil & natural gas markets, the global energy system \u2013 both supply AND demand \u2013 is more about China.\u00a0\u00a0And ditto for energy-related CO2 emissions.<\/p>\n![\"\"](\"https:\/\/www.enerjigazetesi.ist\/wp-content\/uploads\/2020\/07\/dunya-da-en-buyuk-enerji-ureticisi-kim.jpg\")
that great data set!<\/p>\n