The Energy Information Administration (EIA) has released their International Energy Outlook 2010. On the left is shown the projected global energy consumption. The Organization for Economic Cooperation (OECD), basically the established economies, shows relatively little growth in energy consumption. But the new economies; Brazil, India, and China have an almost insatiable appetite for energy.
Data Credit: EIA
The chart on the left is troubling, because the fossil fuels are growing more rapidly than renewables and nuclear. Some might argue that the liquids depends upon whether we have (or will soon) hit peak oil, that point at which oil producers do not increase production, but instead, enjoy intense consumer competition for fixed supplies.
Data Credit: EIA
I thought this chart was particularly informative. Very little growth is anticipated for coal consumption outside of Asia. But the Asian economies are going to consume vast amounts of coal, a prolific greenhouse gas producer.
The Washington Post, which has become my favorite newspaper, tells, U.S. Takes a Tougher Tone With China. It requires balancing, but the U.S. has begun to push back aggressively to protect its interests. Most notable are the military exercises in the Yellow Sea and the South China Sea. China has claimed complete ownership of the South China Sea, much to the chagrin of other Asian countries such as Vietnam and Korea. Recently Secretary of State, Hillary Clinton stated those claims were invalid.
China Overtakes Japan as No. 2 Economy also tells that possibly China will climb to the number one position by 2025. China views itself as a developing country and needful of special economic consideration, whereas the rest of the world, well, views them as the number two economy.
Mmm. If you want to read a novel that weaves all of this together (energy and China) - check out my novel, Butterflies Escape. For those of you that have no absolutely no interest in China, it also has Russia.