Statistics and facts on fossil fuels
Fossil fuels are the cornerstone of our industrialized modern world. Some 80 percent of the global energy supply still comes from fossil fuel resources – crude oil, natural gas, and coal. Fossil fuels originated from dead plants and animals in geologic prehistory. In fact, these decomposed products saved the solar energy during that process in a way that it could be exploited and utilized. As distinct from fossil fuels, biomass consists of contemporary organic waste and rests. Fossil fuels, on the other hand, are a main cause for some of the world’s urgent problems – climate change and global warming.
The technical exploitation of fossil fuels in the 18th and 19th century was a crucial requirement for the industrial revolution. Some of today’s largest companies trace their roots back to those times. Texas-based oil and gas giant ExxonMobil, is a direct descendant of legendary John D. Rockefeller’s Standard Oil company, founded in 1870. The same is true for top U.S. coal mining companies like Peabody Energy and Consol Energy, which were founded in the 1880s and 1860s, respectively.
Financial key figures of the industry’s leading companies are among the top fossil fuel statistics. Production figures of oil, gas and coal are also very prominent, distributed by region or ranked by country. Reserves of fossil fuels play a vital role for the whole global economy. They are also a driver for the determination of fossil fuel prices. In this context, newly discovered deposits of oil sands and shale gas are becoming more and more important for North America.