The first half of this week will have Anchorage hosting the International Association of Energy Economists. So far this week we have heard from professionals around the world examining various types of energy and the government/ private industry interplay in energy markets. Here’s some surprising analysis that was shared for 2012:
World Natural Gas demand decreased because US demand for Natural Gas went down.
Oil prices have gone up three fold in the last decade.
Renewable energy accounts for 2.5% of the worlds’ consumption.
A decrease in Iranian oil production has been replaced this past year by Libyian oilfields coming back on line.
This past year the US had the largest increase in world oil production. The world is changing and hopefully next year I will be able to report even more favorable stats!