June 8, 2011

The World's Insatiable Appetite for Energy

Schumpeter, Schumpeter

AP Photo

NOT since 1973 has world energy use increased by as much, in percentage terms, as it did in 2010. According to BP’s annual Statistical Review of World Energy, published today, 2010’s energy consumption was up by 5.6% on the year before. In part this is thanks to recovery from the economic crisis; in part it is down to the longer-term shift in economic activity towards emerging economies, which are less efficient in their energy use.

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TAGGED: oil, Nuclear Energy, energy, BP, energy use

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