Tuesday, 8 August 2017

US Fossil Fuel Consumption Has Peaked, and Will Never Return

Gregor.us:



US fossil fuel consumption from coal, oil, and natural gas peaked ten years ago in 2007 at 85.927 quadrillion btu, and is unlikely to ever return. There are a number of trends underneath that peak that are worth mentioning. Briefly, coal has been in superdecline; oil consumption is back to levels last seen in the late 1990’s; and natural gas, bucking the trend, has made an enormous consumption advance. And then of course, there is the revolution taking place in wind and solar. Last year, 2016, total fossil fuel consumption came in at 78.569 quadrillion btu, despite, over the past decade, a US population advance of 25 million people. As most analysts now understand, the US will easily meet its Paris goals regardless of policy because economics have now taken over. US emissions have entered long term decline. Indeed, if you think US fossil fuel consumption hasn’t peaked, and is going to start rising again to make new all time highs, you’d be obligated to explain why. Or better, how.



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