Notes Toward a Better Understanding of Six Intersecting Pieces of the Energy Puzzle:
Climate Change, Peak Resources, Nuclear Proliferation, Food Security, Speculative Finance, and Geopolitics
June 9, 2011
World Oil Consumption Exceeds Production by 5 mbd in 2010
From the Economist, using figures from BP's recently released Statistical Review of World Energy: "In China alone consumption has risen by over 4m barrels per day in the past decade, accounting for two-fifths of the global rise. In 2010 consumption exceeded production by over 5m barrels per day for the first year ever, as world oil stocks were run down."