BP: Developing World Now Consumes More Energy than Developed Countries
July 1, 2009
Led by China, the developing nations of the world now consume more energy than the industrialized countries, according to the 2009 BP Statistical Review of World Energy. BP released its annual review of world energy use on June 10, noting that industrialized countries reduced their energy consumption by 1.3% in 2008, led by a 2.8% drop in the United States, marking the country's steepest single-year decline since 1982. That decrease was counterbalanced by increasing energy use in developing countries, which caused global energy consumption to increase by 1.4%. China alone accounted for nearly three-quarters of that increase, boosting its energy use by 7.2%, according to BP. Meanwhile, the high oil prices early in the year, followed by the recession later in the year, caused oil consumption to drop by 1.3%. Despite that drop, proven oil reserves (excluding Canadian oil sands) decreased by 3 billion barrels to 1,258 billion barrels, the first retreat in proven oil reserves in a decade. Since 1980, the world's proven oil reserves have fallen only three times: in 1990, 1998, and 2008. See the BP press release and the full report.