VGP Career Slides Set

World Fuel Consumption

 

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Talking Point:

Overall world fuel consumption from all sources has increased progressively. Coal, hydro, and nuclear contributed incremental increases up until the early 1990s, but most of the world’s rivers have now been dammed and environmental concerns have largely halted expansion of coal and nuclear energy.

Oil usage has been relatively flat, but notice the steady increase in natural gas. Let’s examine that in the US Gulf of Mexico.