Global Energy Consumption and the Forecasted Essay

Global Energy Consumption and the Forecasted - Essay Example This discussion stresses that  there are different sources of energy used globally including coal, natural gas, petroleum, nuclear, hydropower, and non-hydropower renewable.  This study declares that  energy is important to the world, as human beings require energy at home, work, and church or in school.  In the United States alone, buildings consume up to three quarters of electricity in the country; and as a result, huge amount of energy is consumed on daily basis. Generally, energy consumption of a country is determined by its population, such that, the higher the population, the higher the energy consumption. The world suffered recession between 2008 and 2009, and has thereafter experienced slow growth, while the levels of unemployment continue to grow. The increase in oil prices in 2010 created uncertainty in the energy sector. In addition, the earthquake and Tsunami that hit Japan affected the source of nuclear power; all these factors have led to an increase in the glo bal consumption of energy from fuel. Therefore, fossil fuels are being relied on in the supply of energy used globally, while liquid fuels are the largest source of energy globally. According to independent analysis & statistics, the energy consumption is expected to fall from 34% 2008 to 29 percent in 2035.  The world’s energy consumption in 2010 grew by 5.6%, as China energy consumption grew by 11%, hence exceeding that of the United States.