A World Running On Empty: The Decline Of Fossil Fuel Supply

Contributing sentiments towards policy:

61% : Besides heat in winter, coal is also used to provide electricity for air conditioning in summer, so its demand curve has peaks in both summer and winter.
60% : Storage for coal is close to free because it can be stored in piles outside.
59% : World consumption of oil, coal, and natural gas based on data of the 2023 Statistical Review of World Energy by the Energy Institute.
59% : World per capita consumption of oil, coal, and natural gas, based on data of the 2023 Statistical Review of World Energy by the Energy Institute.
56% : Oil, coal, and natural gas are different enough from each other that we should expect somewhat different patterns.
54% : Storage is needed for both natural gas and coal because both fuels are often used for heat in winter, either by direct burning or by creating electricity that can be used to heat buildings.
53% : A major share of the delivered price of coal is transportation cost, which tends to be fueled by oil, particularly diesel.
50% : Figure 2 shows that world supplies of all three fossil fuels follow the same general pattern: They tend to rise in close to parallel lines, with oil supply on top, coal next, and natural gas providing the least supply.
45% : Shipping costs tend to escalate rapidly, the farther either natural gas or coal is shipped.
42% :Coal and natural gas are both more expensive to transport than oil.
38% : In particular, Europe's imports of coal have fallen significantly since 2006.

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