With all the talk of oil these days, it’s easy to forget just how
vital coal is in fulfilling our energy needs. Plus, with
advancements in clean-coal technology (an area I’m studying
more on the investment side), the industry is going to be even
more critical in the future.
So I thought we’d look at some real basic facts.
Following are the countries that produce and/or consume at least
5% of the world’s coal.
Production (12/05)
China………38% of world’s total
USA………20
Australia……7
India………..7
Russia………5
So. Africa….5
Consumption (12/05)
China…….37%
USA………20
India………7
1995-2005 Consumption trends (million tons oil equivalent)
China – 695 to 1082
USA – 506 to 575
India – 143 to 213
Proved Reserves (12/05)
USA………27%
Russia……..17
China………13
India………10
Australia…….9
So. Africa…..5
And, for your information…
USA Energy Consumption by Source (12/05…quadrillion Btu)
Fossil Fuels
Coal……….22.830
Nat Gas……22.623
Oil…………40.441
Nuclear …….8.133
Renewable
Hydro………2.715
Biomass……2.781
Geothermal…0.352
Solar……….0.064
Wind……….0.149
Total………99.877 [not exact due to small amounts of other
sources]
Sources:
British Petroleum
U.S. Dept. of Energy / Energy Information Administration
Pritchard Capital Partners
Wall Street History will return next week.
Brian Trumbore
