According to the latest BP Statistical Review of World Energy, total global reserves, by fossil fuel, are now:
Coal - 1,139 billion tonnes
Natural Gas - 187 trillion cubic meters
Crude Oil - 1,707 billion barrels
While these volumes may seem large at a glance, at today's level of extraction and production rates, BP's estimated proved reserves*, by fossil fuel, would be exhausted as follows:
Coal - year 2169
Natural Gas - year 2068
Crude Oil - year 2066
BP dutifully acknowledges the abundance of factors that could easily alter these projections, but these factors do not alter the global policy imperitive to support sustainable fossil fuel extraction and development. All we need now is to define "sustainable" against ever changing market, political, and social conditions.
* Estimated years of extraction-remaining are estimated as the ratio of proved reserves to production per year.
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One of the most important trends of the global energy market in 2016 was significant growth of renewables consumption by almost 15 percent. The largest increase was shown by solar energy. For example, solar cumulative installed PV power was increased by 33 percent during 2016. China is the top country by solar energy consumption in the world. As of 2016, solar energy consumption in China was 66.2 terawatt-hours. The top 5 countries also includes the United States, Japan, Germany, and Italy. The trends across key energy sectors are as follows:In the oil sector, Russia overtook the United States by the oil production but Saudi Arabia...
Source: BP Statistical Review of World Energy - Main Indicators
Source: BP Statistical Review of World Energy June 2015
Energy Production Forecast | Energy Consumption Forecast Source: BP Energy Outlook 2035, February 2015