Global Developments After Jevons
As Jevons predicted, coal production could not grow exponentially forever. UK production peaked in 1913, and the country lost its global superiority to a new giant of energy production, the United States, a turn of events that was also predicted by Jevons. The UK had by then developed oil resources in the Middle East and increasingly used the fuel for power generation.
Although UK production could not continue to grow at the annual rate of 3.5%, the world's fossil fuel consumption did grow at this rate until about 1970. According to Jevons, UK coal production in 1865 was estimated as being equal to production in the rest of the world, giving a rough world estimate of 200 million tons. According to the US Department of Energy, global fossil fuel consumption in 1970 was 200 Quad BTU, or 7.2 billion tons coal equivalent. Thus, consumption grew by a factor of 36, representing average annual exponential growth over 105 years of about 3.4%. In the 34 subsequent years, to 2004, consumption grew by a factor of 2.1, or 2.2% per year, an indication, according to organizations such as ASPO that global energy resources are thinning.
The quantity of the world's remaining energy resources is a matter of dispute and serious concern. Between 2005 and 2007, despite the trebling of oil prices, oil production remained relatively flat, a sign according to many that oil production has peaked. Studies by Dave Rutledge of the California Institute of Technology, and by the Energy Watch Group of Germany indicate that global coal production will also peak within the current generation, perhaps as soon as 2030. A parallel study by the Energy Watch Group also indicates the limited supply of uranium; this report states that like UK coal production 200 years ago, the production of uranium has first targeted high quality ores, and remaining sources are less dense and more difficult to access.
Fetter states that at least 230 years of proven uranium reserves are available at present worldwide rates of consumption, and using uranium extraction from seawater, up to 60,000 years of uranium are available. Further, using advanced breeder reactors and nuclear reprocessing, the 230 years of proven uranium reserves may be extended up to 30,000 years; similar gains are achievable from the 60,000 years of uranium reserves from seawater.
Read more about this topic: The Coal Question
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