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2011/09/06

Refining Economic Growth for Wall Street with the Smart Grid - TMCnet's Smart Grid eNews

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9/06/2011
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September 06, 2011

Refining Economic Growth for Wall Street with the Smart Grid


Christof Rühl, BP’s group chief economist, recently presented BP’s Statistical Review of the World Energy.

BP has been producing this report since 1951, when the company was trying to get a handle internally about who was using oil and where. Today, this report is published publicly and also covers the use of renewable energies.


In the report are some interesting facts:

·         China now consumes more energy than the U.S.;

·         China leads Asia in gas consumption;

·         Renewable energies represented 1.8 percent of the world's primary energy in 2010.


However, these general trends were always placed in the context of economic outlooks, and the reality is the energy is needed for economic growth. And, from a pure energy standpoint, we have economic... Read More


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