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All U.S. Energy Consumption in a Giant Diagram

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All U.S. Energy Consumption in a Big Diagram

All U.S. Energy Consumption in a Giant Diagram

Today’s graphic is special type of flow chart, called a Sankey diagram.

This particular one shows the total estimated energy consumption in the United States in 2015, and how energy flowed from source to the final destination. The graphic comes to us from the Lawrence Livermore National Laboratory and the Department of Energy.

The beauty of a Sankey is in its simplicity and and effectiveness. No information is left out, and we can really see the full energy picture from a 10,000 foot view.

Wasted Effort

The U.S. is estimated to have consumed 97.5 quads of energy in 2015.

What’s a quad? It’s equal to a quadrillion BTUs, which is roughly comparable to any of these:

  • 8,007,000,000 gallons (US) of gasoline
  • 293,071,000,000 kilowatt-hours (kWh)
  • 36,000,000 tonnes of coal
  • 970,434,000,000 cubic feet of natural gas
  • 25,200,000 tonnes of oil
  • 252,000,000 tonnes of TNT
  • 13.3 tonnes of uranium-235

It’s a lot of energy – and if you look at the diagram, you’ll see most of it is actually wasted.

It’s estimated that 59.1 quads (60.6% of all energy) is “rejected energy”, a fancy term for energy that is produced but not used in an effective way. For example, when gasoline is burned in a car, most of the energy comes off as heat instead of doing productive work (ie. turning the crank shaft). The average internal combustion engine is only 20% efficient, and people get excited even when they approach 40% efficiency.

While gas engines are horribly inefficient, so are other energy sources. If you look at electricity production on the diagram, you’ll see that 67% of all energy going to generate electricity is wasted.

It’s the laws of physics, but there are still many areas for improvement to increase this efficiency.

A Long Way to Go for Green Energy

As we explained in Part 2 of our Battery Series, there are still some big obstacles to overcome for green energy, batteries, and energy storage.

By looking at all energy use (including non-electrical energy used in automobiles, industrial, etc.), this diagram helps put things in even more perspective. To make a big impact, green energy not only has to make inroads in electrical generation, but it also has to supplant the 25.4 quads of energy being used in the automotive sector. This is why projects like the massive Tesla Gigafactory 1 are such a big deal. If Elon Musk is successful in his mission, the whole diagram and our energy mix would change dramatically.

For now, however, green is still a blip on the radar. Looking at total energy consumption in 2015, solar only accounted for 0.53 quads of energy. Meanwhile, wind accounted for 1.82 quads.

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Energy

The Periodic Table of Commodity Returns (2012-2021)

Energy fuels led the way as commodity prices surged in 2021, with only precious metals providing negative returns.

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commodity returns 2021 preview

The Periodic Table of Commodity Returns (2022 Edition)

For investors, 2021 was a year in which nearly every asset class finished in the green, with commodities providing some of the best returns.

The S&P Goldman Sachs Commodity Index (GSCI) was the third best-performing asset class in 2021, returning 37.1% and beating out real estate and all major equity indices.

This graphic from U.S. Global Investors tracks individual commodity returns over the past decade, ranking them based on their individual performance each year.

Commodity Prices Surge in 2021

After a strong performance from commodities (metals especially) in the year prior, 2021 was all about energy commodities.

The top three performers for 2021 were energy fuels, with coal providing the single best annual return of any commodity over the past 10 years at 160.6%. According to U.S. Global Investors, coal was also the least volatile commodity of 2021, meaning investors had a smooth ride as the fossil fuel surged in price.

Commodity2021 Returns
Coal160.61%
Crude Oil55.01%
Gas46.91%
Aluminum42.18%
Zinc31.53%
Nickel26.14%
Copper25.70%
Corn22.57%
Wheat20.34%
Lead18.32%
Gold-3.64%
Platinum-9.64%
Silver-11.72%
Palladium-22.21%

Source: U.S. Global Investors

The only commodities in the red this year were precious metals, which failed to stay positive despite rising inflation across goods and asset prices. Gold and silver had returns of -3.6% and -11.7% respectively, with platinum returning -9.6% and palladium, the worst performing commodity of 2021, at -22.2%.

Aside from the precious metals, every other commodity managed double-digit positive returns, with four commodities (crude oil, coal, aluminum, and wheat) having their best single-year performances of the past decade.

Energy Commodities Outperform as the World Reopens

The partial resumption of travel and the reopening of businesses in 2021 were both powerful catalysts that fueled the price rise of energy commodities.

After crude oil’s dip into negative prices in April 2020, black gold had a strong comeback in 2021 as it returned 55.01% while being the most volatile commodity of the year.

Natural gas prices also rose significantly (46.91%), with the UK and Europe’s natural gas prices rising even more as supply constraints came up against the winter demand surge.

Energy commodity returns 2021

Despite being the second worst performer of 2020 with the clean energy transition on the horizon, coal was 2021’s best commodity.

High electricity demand saw coal return in style, especially in China which accounts for one-third of global coal consumption.

Base Metals Beat out Precious Metals

2021 was a tale of two metals, as precious metals and base metals had opposing returns.

Copper, nickel, zinc, aluminum, and lead, all essential for the clean energy transition, kept up last year’s positive returns as the EV batteries and renewable energy technologies caught investors’ attention.

Demand for these energy metals looks set to continue in 2022, with Tesla having already signed a $1.5 billion deal for 75,000 tonnes of nickel with Talon Metals.

Metals price performance 2021

On the other end of the spectrum, precious metals simply sunk like a rock last year.

Investors turned to equities, real estate, and even cryptocurrencies to preserve and grow their investments, rather than the traditionally favorable gold (-3.64%) and silver (-11.72%). Platinum and palladium also lagged behind other commodities, only returning -9.64% and -22.21% respectively.

Grains Bring Steady Gains

In a year of over and underperformers, grains kept up their steady track record and notched their fifth year in a row of positive returns.

Both corn and wheat provided double-digit returns, with corn reaching eight-year highs and wheat reaching prices not seen in over nine years. Overall, these two grains followed 2021’s trend of increasing food prices, as the UN Food and Agriculture Organization’s food price index reached a 10-year high, rising by 17.8% over the course of the year.

Grains price performance 2021

As inflation across commodities, assets, and consumer goods surged in 2021, investors will now be keeping a sharp eye for a pullback in 2022. We’ll have to wait and see whether or not the Fed’s plans to increase rates and taper asset purchases will manage to provide price stability in commodities.

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Energy

A Global Breakdown of Greenhouse Gas Emissions by Sector

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A Global Breakdown of Greenhouse Gas Emissions by Sector

In a few decades, greenhouse gases (GHGs)—chiefly in the form of CO₂ emissions—have risen at unprecedented rates as a result of global growth and resource consumption.

To uncover the major sectors where these emissions originate, this graphic from Our World in Data pulls in data from 2016 courtesy of Climate Watch and the World Resources Institute, when total emissions reached 49.4 billion tonnes of CO₂ equivalents (CO₂e).

Sources of GHG Emissions

Global GHG emissions can be roughly traced back to four broad categories: energy, agriculture, industry, and waste. Overwhelmingly, almost three-quarters of GHG emissions come from our energy consumption.

SectorGlobal GHG Emissions Share
Energy Use73.2%
Agriculture, Forestry & Land Use18.4%
Industrial processes5.2%
Waste3.2%

Within each category, there are even more granular breakdowns to consider. We’ll take a closer look at the top two, which collectively account for over 91% of global GHG emissions.

Energy Use

Within this broad category, we can further break things down into sub-categories like transport, buildings, and industry-related energy consumption, to name a few.

Sub-sectorGHG Emissions ShareFurther breakdown
Transport16.2%• Road 11.9%
• Aviation 1.9%
• Rail 0.4%
• Pipeline 0.3%
• Ship 1.7%
Buildings17.5%• Residential 10.9%
• Commercial 6.6%
Industry energy24.2%• Iron & Steel 7.2%
• Non-ferrous metals 0.7%
• Machinery 0.5%
• Food and tobacco 1.0%
• Paper, pulp & printing 0.6%
• Chemical & petrochemical (energy) 3.6%
• Other industry 10.6%
Agriculture & Fishing energy1.7%-
Unallocated fuel combustion7.8%-
Fugitive emissions from energy production5.8%• Coal 1.9%
• Oil & Natural Gas 3.9%
Total73.2%

Billions of people rely on petrol and diesel-powered vehicles to get around. As a result, they contribute to almost 12% of global emissions.

But this challenge is also an opportunity: the consumer adoption of electric vehicles (EVs) could significantly help shift the world away from fossil fuel use, both for passenger travel and for freight—although there are still speedbumps to overcome.

Meanwhile, buildings contribute 17.5% of energy-related emissions overall—which makes sense when you realize the stunning fact that cities use 60-80% of the world’s annual energy needs. With megacities (home to 10+ million people) ballooning every day to house the growing urban population, these shares may rise even further.

Agriculture, Forestry & Land Use

The second biggest category of emissions is the sector that we rely on daily for the food we eat.

Perhaps unsurprisingly, methane from cows and other livestock contribute the most to emissions, at 5.8% total. These foods also have some of the highest carbon footprints, from farm to table.

Sub-sectorGHG Emissions Share
Livestock & Manure5.8%
Agricultural Soils4.1%
Crop Burning3.5%
Forest Land2.2%
Cropland1.4%
Rice Cultivation1.3%
Grassland0.1%
Total18.4%

Another important consideration is just how much land our overall farming requirements take up. When significant areas of forest are cleared for grazing and cropland, there’s a clear link between our land use and rising global emissions.

Although many of these energy systems are still status quo, the global energy mix is ripe for change. As the data shows, the potential points of disruption have become increasingly clear as the world moves towards a green energy revolution.

For a different view on global emissions data, see which countries generate the most CO₂ emissions per capita.

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