World energy resources

Fossil fuel

Remaining reserves of fossil fuel are estimated as:

These are the proven energy reserves; real reserves may be up to a factor 4 larger. Significant uncertainty exists for these numbers. Estimating the remaining fossil fuels on the planet depends on a detailed understanding of the Earth's crust. While modern drilling technology makes it possible to drill wells in up to 3 km of water to verify the exact composition of the geology, one half of the ocean is deeper than 3 km, leaving about a third of the planet beyond the reach of detailed analysis.

In addition to uncertainty in real reserves, there is significant uncertainty in technological and economical factors that impact what percentage of reserves can be recovered gainfully. In general the easiest to reach deposits are the first extracted. Factors affecting the cost of exploiting the remaining reserves include the accessibility of fossil deposits, the level of sulfur and other pollutants in the oil and the coal, transportation costs, and societal instability in producing regions.

Coal

Coal is the most abundant and burned fossil fuel. This was the fuel that launched the industrial revolution and has continued to grow in use; China, which already has many of the world's most polluted cities, was in 2007 building about two coal-fired power plants every week. Coal is the fastest growing fossil fuel and its large reserves would make it a popular candidate to meet the energy demand of the global community, short of global warming concerns and other pollutants. According to the International Energy Agency the proven reserves of coal are around 909 billion tonnes, which could sustain the current production rate for 155 years, although at a 5% growth per annum this would be reduced to 45 years, or until 2051. With the Fischer- Tropsch process it is possible to make liquid fuels such as diesel and jet fuel from coal. In the United States, 49% of electricity generation comes from burning coal.

Natural Gas

Natural gas is a widely available fossil fuel with estimated 850 000 km³ in recoverable reserves and at least that much more using enhanced methods to release shale gas. Improvements in technology and wide exploration led to a major increase in recoverable natural gas reserves as shale fracking methods were developed. At present usage rates, natural gas could supply most of the world's energy needs for between 100 and 250 years, depending on increase in consumption over time.

Oil

It is estimated that there may be 57 ZJ of oil reserves on Earth (although estimates vary from a low of 8 ZJ, consisting of currently proven and recoverable reserves, to a maximum of 110 ZJ) consisting of available, but not necessarily recoverable reserves, and including optimistic estimates for unconventional sources such as tar sands and oil shale. Current consensus among the 18 recognized estimates of supply profiles is that the peak of extraction will occur in 2020 at the rate of 93-million barrels per day (mbd). Current oil consumption is at the rate of 0.18 ZJ per year (31.1 billion barrels) or 85-mbd.

There is growing concern that peak oil production may be reached in the near future, resulting in severe oil price increases. A 2005 French Economics, Industry and Finance Ministry report suggested a worst-case scenario that could occur as early as 2013. There are also theories that peak of the global oil production may occur in as little as 2–3 years. The ASPO predicts peak year to be in 2010. Some other theories present the view that it has already taken place in 2005. World crude oil production (including lease condensates) according to US EIA data decreased from a peak of 73.720 mbd in 2005 to 73.437 in 2006, 72.981 in 2007, and 73.697 in 2008. According to peak oil theory, increasing production will lead to a more rapid collapse of production in the future, while decreasing production will lead to a slower decrease, as the bell-shaped curve will be spread out over more years.

In a stated goal of increasing oil prices to $75/barrel, which had fallen from a high of $147 to a low of $40, OPEC announced decreasing production by 2.2 mbd beginning 1 January 2009.

Sustainability

Political considerations over the security of supplies, environmental concerns related to global warming and sustainability are expected to move the world's energy consumption away from fossil fuels. The concept of peak oil shows that about half of the available petroleum resources have been produced, and predicts a decrease of production.

A government move away from fossil fuels would most likely create economic pressure through carbon emissions and green taxation. Some countries are taking action as a result of the Kyoto Protocol, and further steps in this direction are proposed. For example, the European Commission has proposed that the energy policy of the European Union should set a binding target of increasing the level of renewable energy in the EU's overall mix from less than 7% in 2007 to 20% by 2020.

The antithesis of sustainability is a disregard for limits, commonly referred to as the Easter Island Effect, which is the concept of being unable to develop sustainability, resulting in the depletion of natural resources. Some estimate, assuming current consumption rates, current oil reserves could be completely depleted by the year 2050.

Nuclear energy

The International Atomic Energy Agency estimates the remaining uranium resources to be equal to 2500 ZJ. This assumes the use of breeder reactors, which are able to create more fissile material than they consume. IPCC estimated currently proved economically recoverable uranium deposits for once-through fuel cycles reactors to be only 2 ZJ. The ultimately recoverable uranium is estimated to be 17 ZJ for once-through reactors and 1000 ZJ with reprocessing and fast breeder reactors.

Resources and technology do not constrain the capacity of nuclear power to contribute to meeting the energy demand for the 21st century. However, political and environmental concerns about nuclear safety and radioactive waste started to limit the growth of this energy supply at the end of last century, particularly due to a number of nuclear accidents. Concerns about nuclear proliferation (especially with plutonium produced by breeder reactors) mean that the development of nuclear power by countries such as Iran and Syria is being actively discouraged by the international community.

Although at the beginning of the 21st century uranium is the primary nuclear fuel worldwide, others such as thorium and hydrogen had been under investigation since the middle of the 20th century.

Thorium reserves significantly exceed those of uranium, and of course hydrogen is abundant. It is also considered by many to be easier to obtain than uranium. While uranium mines are enclosed underground and thus very dangerous for the miners, thorium is taken from open pits, and is estimated to be roughly three times as abundant as uranium in the Earth's crust.

Since the 1960s, numerous facilities throughout the world have burned Thorium.

Nuclear fusion

Alternatives for energy production through fusion of hydrogen has been under investigation since the 1950s. No materials can withstand the temperatures required to ignite the fuel, so it must be confined by methods which use no materials. Magnetic and inertial confinement are the main alternatives (Cadarache, Inertial confinement fusion) both of which are hot research topics in the early years of the 21st century.

Fusion power is the process driving the sun and other stars. It generates large quantities of heat by fusing the nuclei of hydrogen or helium isotopes, which may be derived from seawater. The heat can theoretically be harnessed to generate electricity. The temperatures and pressures needed to sustain fusion make it a very difficult process to control. Fusion is theoretically able to supply vast quantities of energy, with relatively little pollution. Although both the United States and the European Union, along with other countries, are supporting fusion research (such as investing in the ITER facility), according to one report, inadequate research has stalled progress in fusion research for the past 20 years.