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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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The loss of oil supplies in Libya and elsewhere was eventually more than offset by large production increases among Middle Eastern OPEC members, leading to record oil production in Saudi Arabia, the UAE and Qatar. Coal was again the fastest growing fossil fuel with predictable consequences for carbon emissions; it now accounts for 30.3%

Coal 261
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New EIA report boosts estimates of global recoverable shale oil resources 10-fold to 345 billion barrels

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Although the terms shale oil and tight oil are often used interchangeably in public discourse, shale formations are only a subset of all low permeability tight formations, which include sandstones and carbonates, as well as shales, as sources of tight oil production. EIA commissioned Advanced Resources International, Inc.

Oil 281