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To: thackney

Which I find strange if the world is doing so badly economically? I mean even China has slowed its GDP.


12 posted on 06/30/2015 2:48:08 PM PDT by Sam Gamgee (May God have mercy upon my enemies, because I won't. - Patton)
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To: Sam Gamgee

Slowed is not stopped.


13 posted on 06/30/2015 2:49:45 PM PDT by thackney (life is fragile, handle with prayer)
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To: Sam Gamgee

http://www.bp.com/en/global/corporate/about-bp/energy-economics/statistical-review-of-world-energy/2014-in-review.html

Global primary energy consumption decelerated sharply in 2014, even though global economic growth was similar to 2013

Consumption increased for all fuels, reaching record levels for every fuel type except nuclear power; production increased for all fuels except coal. For oil and natural gas, global consumption growth was weaker than production.

Global primary energy consumption increased by just 0.9% in 2014, a marked deceleration over 2013 (+2.0%) and well below the 10-year average of 2.1%. Growth in 2014 slowed for every fuel other than nuclear power, which was also the only fuel to grow at an above-average rate. Growth was significantly below the 10-year average for Asia Pacific, Europe & Eurasia, and South & Central America. Oil remained the world’s leading fuel, with 32.6% of global energy consumption, but lost market share for the fifteenth consecutive year.

Although emerging economies continued to dominate the growth in global energy consumption, growth in these countries (+2.4%) was well below its 10-year average of 4.2%. China (+2.6%) and India (+7.1%) recorded the largest national increments to global energy consumption. OECD consumption fell by 0.9%, which was a larger fall than the recent historical average. A second consecutive year of robust US growth (+1.2%) was more than offset by declines in energy consumption in the EU (-3.9%) and Japan (-3.0%). The fall in EU energy consumption was the second-largest percentage decline on record (exceeded only in the aftermath of the financial crisis in 2009).


14 posted on 06/30/2015 2:52:35 PM PDT by thackney (life is fragile, handle with prayer)
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