Energy Department: World oil use hit new high in 2012

[bananas]

Source: The Hill

The world used more petroleum than ever last year, even as U.S. consumption falls, the Energy Department reported Monday.

“The world's consumption of gasoline, diesel fuel, jet fuel, heating oil, and other petroleum products reached a record high of 88.9 million barrels per day (bbl/d) in 2012, as declining consumption in North America and Europe was more than outpaced by growth in Asia and other regions,” DOE’s Energy Information Administration said in a brief report.

They even have a nifty animated graphic that charts global petroleum demand by region over the last three decades.

Read more: http://thehill.com/blogs/e2-wire/e2-wire/318749-energy-dept-world-oil-use-hit-new-high-in-2012

[bananas]

1. Global Petroleum Use Hits Record High

http://www.foxbusiness.com/industries/2013/08/26/global-petroleum-use-hits-record-high/

Global Petroleum Use Hits Record High

By Matthew Rocco
Published August 26, 2013

Global consumption of gasoline, heating oil and other petroleum products reached a record high of 88.9 million barrels a day in 2012, according to the Energy Information Administration.

Growth in Asia and other regions more than outpaced declining consumption in North American and Europe, both of which trail Asia in total petroleum use.

Asia surpassed North America as the world’s largest petroleum-consuming region in 2009. Between 2008 and 2012, Asia’s consumption grew by 4.4 million barrels a day. China and India fueled much of Asia’s demand increase, posting consumption growth of 2.8 million barrels a day and 800,000 barrels a day, respectively.

Based on projections from the EIA, China is expected to replace the U.S. as the world’s largest net oil importer sometime this fall, as demand in China grows and the U.S. benefits from a surge in domestic production.

<snip>

[bananas]

2. Global gasoline, oil-products demand sets record

http://blogs.marketwatch.com/energy-ticker/2013/08/26/global-gasoline-oil-products-demand-sets-record/?mod=MW_latest_news

Global gasoline, oil-products demand sets record

August 26, 2013, 12:49 PM
By Claudia Assis

Global consumption of gasoline, diesel, jet fuels and other petroleum products reached a record 88.9 million barrels a day last year as demand growth in Asia outpaced consumption declines in North America and Europe, the Energy Information Administration said.

Asia surpassed North America as the world’s largest petroleum-consuming region in 2009; between 2008 and 2012, the continent’s consumption increased by 4.4 million barrels a day, fueled most by demand from China and India.

Petroleum use in North America has been in decline since 2005, the EIA said. Improving economic conditions in 2010 pushed consumption higher, and higher oil prices and fuel efficiency contributed to reduced demand in 2011 and 2012.

In Europe, petroleum demand has fallen every year since 2006, in part due to energy efficiency and Europe’s weakened economy.

[bananas]

3. World petroleum use sets record high in 2012 despite declines in North America and Europe

http://www.eia.gov/todayinenergy/detail.cfm?id=12691

AUGUST 26, 2013
World petroleum use sets record high in 2012 despite declines in North America and Europe

The world's consumption of gasoline, diesel fuel, jet fuel, heating oil, and other petroleum products reached a record high of 88.9 million barrels per day (bbl/d) in 2012, as declining consumption in North America and Europe was more than outpaced by growth in Asia and other regions (see animated map). A previous article examined regional trends in petroleum consumption between 1980 and 2010; today's article extends that analysis through 2012.



Some recent annual trends in Asia, North America, and Europe, the world's three top petroleum-consuming regions, are discussed below:

Asia. In 2009, Asia surpassed North America as the world's largest petroleum-consuming region as consumption rebounded from its 2008 decline. Between 2008 and 2012, Asia's consumption increased by 4.4 million bbl/d. The rapidly industrializing economies of China and India fueled much of Asia's demand increase, growing 2.8 million bbl/d and 800,000 bbl/d, respectively. If China's use of petroleum continues to grow as projected, it is expected to replace the United States as the world's largest net oil importer this fall.

North America. Petroleum use in North America, which is dominated by consumption in the United States, has declined since 2005. Declines in petroleum consumption in the United States in 2008 and 2009 occurred during the economic downturn. Increased consumption in 2010 reflected improving economic conditions. In 2011 and 2012, higher oil prices and increased fuel efficiency of light-duty vehicles contributed to reduced U.S. consumption. Motor gasoline consumption, which makes up almost half of total U.S. liquids fuel consumption, fell by 290,000 bbl/d between 2010 and 2012 as the Corporate Average Fuel Economy standards led to improvements in vehicle fuel economy that outpaced highway travel growth.

Europe. Petroleum use in Europe has declined in every year since 2006. Part of this decline was related to a reduction in overall energy intensity and government policies that encourage energy efficiency. Europe's weak economic performance has also affected its petroleum use, with declines of 780,000 bbl/d in 2009 and 570,000 bbl/d in 2012 occurring at a time of slow growth and/or recessions in many European countries.

Further detail on the outlook for petroleum consumption can be found in EIA's Short-Term Energy Outlook, International Energy Outlook 2013, and Annual Energy Outlook 2013.

[daleo]

4. I wonder what the electric car will do to that?

I think we are in for some real changes over the next decade.

[uppityperson]

5. I wonder what the breakdown is for heat, fuel, products made of petrol.

[jtuck004]

6. "Disco inferno...burn that mother down..." n/t

[NickB79]

7. It makes horrible sense, actually

As the US and Europe burn less oil (either due to environmental concerns or a faltering economy), it takes pressure off the global petroleum market. This allows the 3+ billion people in developing worlds that have rapidly growing middle classes (Asia, Africa, South America) to more easily afford gasoline, diesel, heating oil, etc.

So much for the "market-based climate solutions" we were all so keen on to save our asses. It's like squeezing a balloon; it gets smaller in one place, but then bulges somewhere else.

It's a no-win situation for the climate. One way or another, we as a species seem intent on burning every last fucking drop of the black shit, the climate be damned.