Professor Mark J. Perry's Blog for Economics and Finance

The chart above is from the "BP Energy Outlook 2030" (p. 18) and shows the historical and estimated future mix of world energy sources through 2030.  Some key points: 1. In the future, natural gas usage as a share of total energy will increase, oil usage will decrease, and coal's share of energy consumption will be about the same, and those three hydrocarbons will converge in 2030 at about a 28% share for each energy source. 2. Renewables (including biofuels) will increase in importance as a source of energy, but by 2030 will only represent about 5% of total world energy consumption.  3. Hydro, nuclear and renewables will converge at...  full article