www.energysfuture.org        Opened June 20, 2006      Modified July 6,   2008    (v1)

The pages that follow deal with energy producers, consumers, demand and economic factors that drive the marketplace.

• Fossil fuel is plentiful (and inexpensive)
• Oil supply is in 10s of years (Lewis*: 40-80)
• Gas supply is over 100 years (Lewis: 200-500)
• Coal supply is several 100 years (Lewis: 200–2000)
• 85% of the world’s energy is supplied by fossil fuel
• No new nuclear energy generation capacity has been added in decades
• Renewable energy sources contribute an extremely small portion of the overall world requirement
• Economic development has been and continues to be dependent on “cheap energy”
• 20% of US. Oil comes from the Persian Gulf
• 40% comes from OPEC nations;
• 70% of US. oil from outside the US.
• US. consumes 26 % of the world’s total petroleum
• China is next with 10%
• Russia uses 7%
• Oil prices:
• Peak at $59.41 in 1980 (in 1996 dollars)
• 2001 price: $22
• Retail energy price of gasoline in Japan ($3.40) and Germany ($3.35).
• Per capita consumption of energy:

 

 U. S. 342 BTU;

Germany/Japan 170;

China 30