Energy Resources

In order to directly compare world energy resources and consumption of energy, this article uses SI units and prefixes and measures energy rate (or power) in watts (W) and amounts of energy in joules (J). One watt is one joule per second. In 2005, total worldwide energy consumption was 500 EJ (= 5 x 1020 J) with 86.5% derived from the combustion of fossil fuels, although there is at least 10% uncertainty in that figure.[1] This is equivalent to an average energy consumption rate of 16 TW (= 1.6 x 1013 W). Not all of the world's economies track their energy consumption with the same rigor, and the exact energy content of a barrel of oil or a ton of coal will vary with quality.

Most of the world's energy resources are from the sun's rays hitting earth - some of that energy has been preserved as fossil energy, some is directly or indirectly usable e.g. via wind, hydro or wave power. The term solar constant is the amount of incoming solar electromagnetic radiation per unit area, measured on the outer surface of Earth's atmosphere, in a plane perpendicular to the rays. The solar constant includes all types of solar radiation, not just visible light. It is measured by satellite to be roughly 1366 watts per square meter, though it fluctuates by about 6.9% during a year - from 1412 W/m2 in early January to 1321 W/m2 in early July, due to the earth's varying distance from the sun, and by a few parts per thousand from day to day. For the whole Earth, with a cross section of 127,400,000 km², the total energy rate is 1.740×1017 W, plus or minus 3.5%. This 174 PW is the total rate of solar energy received by the planet; about half, 89 PW, reaches the earth's surface.

The estimates of remaining worldwide energy resources vary, with the remaining fossil fuels totaling an estimated 0.4 YJ (1 YJ = 1024J) and the available nuclear fuel such as uranium exceeding 2.5 YJ. Fossil fuels range from 0.6-3 YJ if estimates of reserves of methane clathrates are accurate and become technically extractable. Mostly thanks to the Sun, the world also has a renewable usable energy flux that exceeds 120 PW (8,000 times 2004 total usage), or 3.8 YJ/yr

Coal fueled the industrial revolution in the 18th and 19th century. With the advent of the automobile, airplanes and the spreading use of electricity, oil became the dominant fuel during the twentieth century. The growth of oil as the largest fossil fuel was further enabled by steadily dropping prices from 1920 until 1973. After the oil shocks of 1973 and 1979, during which the price of oil increased from 5 to 45 US dollars per barrel, there was a shift away from oil.[12] Coal and nuclear became the fuels of choice for electricity generation and conservation measures increased energy efficiency. In the US the average car more than doubled the number of miles