This is an excerpt from EERE Network News, a weekly electronic newsletter.

July 24, 2002

BP Releases Its Statistical Review of World Energy 2002

BP released its annual statistical review of world energy in June. According to BP, the world has at least 40 years of oil supply left and 60 years of natural gas. While noting that new forms of energy will eventually come along, BP maintains that oil and gas will remain the predominant fuels for at least the next 30 years.

If 30 years doesn't sound like long to you, perhaps you should peruse the company's renewable energy section. According to BP, installed wind power generation capacity has increased more than ten fold over the last decade, to 25 gigawatts. "For the last three years, wind power capacity additions have exceeded those of nuclear power," says BP, "signaling wind's emergence as a mainstream energy source."

As with wind, installed solar electric capacity has increased more than ten fold over the last decade, but from a low starting point. BP estimates just over 0.7 gigawatts of solar electric capacity installed worldwide in 2000, but that represents a 37 percent increase over the previous year's capacity. Geothermal capacity is nearly 6 gigawatts worldwide, and has grown about 37 percent over the past ten years. And hydroelectric power production increased just 16 percent in the past decade (although China aims to remedy that soon).

BP presents one of the most comprehensive views of world energy production and use by drawing on worldwide information sources, and with its 2002 issue, the publication reaches its 51st annual edition. See the BP press release and the BP Statistical Review of World Energy 2002. In particular, be sure to see the Renewable Energy page (and note the left-column links to solar and wind information)!

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