The New bp Statistical Review of World Energy — What Does It Mean?

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The New bp Statistical Review of World Energy — What Does It Mean?
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The bp Statistical Review of World Energy is a venerable survey of the world’s energy production and consumption—

is a venerable survey of the world’s energy production and consumption — the oil giant has been publishing it yearly since 1952. It’s andetailed report — it lists the amounts of energy generated and consumed, as well as the means of generation, for just about every country and region of the world.

The bad: overall energy use is skyrocketing. Global primary energy use increased by almost 6% in 2021, more than reversing the sharp drop in consumption in lockdown year 2020. Primary energy use in 2021 is estimated to be around 1% above its 2019 level. The release of the latest edition of the Review has generated quite a few articles and comments. In particular, one chart, which depicts how the global mix of energy sources has changed over the last 21 years , has cropped up again and again on LinkedIn, with partisans on either side of the energy debate using it to support opposing opinions.

The latter position is of course a logical absurdity. Some of our great-grandparents still used horses to get around, but that doesn’t mean our children will. New technologies replace old ones, and sometimes the transition is a fairly swift one. On the other hand, the fact that renewable generation has grown from nominal to substantial over the course of a decade doesn’t mean that the end of the Oil Age is at hand.

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