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Monday, February 27, 2012

Energy Production - comparing the US and China

The first chart shows the difference in GDP per capita and energy production. The two countries we are comparing are China and the US. In 2010 (the latest data recorded) we only see the united states with 1.74 million kt of energy produced, that comes to be $37,527.35 per capita. That makes the United States the highest producer of energy of that year. We would think that it has the most GDP per capita since its creating the most energy, but this chart shows exactly the opposite. Some of the least productive energy producers have the greatest GDP per capita. A good example for this is Luxemborg, with 103.98 kt of energy produced and a shocking $52,422.46 GDP per capita. However, going on to compare the US and China in 2009 we see a slight change in our story line. Here, the United states was outbeat by China who produced 1.98 million kt of energy only had $2,032 GDP per capita. This was different than the US at the time who was behind with 1.70 million kt of energy produced with a greater GDP per capita $38,335.78. These numbers are interesting to analyze for what to expect from the future. We see this constant pattern going back to 2007. Why? Its interesting to note that a big difference between the 2 biggest energy producing companies and their GDP's is population. Therefore in order to have hopes for china to overcome their low GDP we might need to give it more time to see if a decrease in the population would have any affect on that. Also, the United states seems to We would expect China to have a greater per capita GDP however there are things that we must consider, like the difference in population! With the greater amounts of energy produced in 2009, the GDP per capita, started to decline. It will make an interesting study to watch and see if the gradual drop in GDP will have an affect on the energy production. In my second chart I compared CO2 emission (per capita) with the adjusted net national income. For this chart the latest recorded data was in 2008. The size of the circles represents the population in each country. The two that I will be comparing is China and the United States. The US has a population of more than 304 million, and China has a population of more than 1.3 trillion. The story line shows that ever since 1970 the US has had the highest net national income and exponentially increased every year. There is a difference in the CO2 emissions though. In 1970, it was recorded that they had 21.11 CO2 emission per capita this is a small difference from 2008 where the CO2 emissions were 17.94. Now comparing the net national income, we see in 1970 the US ranking in more than $924 billion while in 2008 they've had more than $12.2 trillion. This should be a concern for the citizens as well as environmentalist trying to protect people from potential harm caused through it. With nearly $10 trillion net income increase there should be more attempts to decrease the CO2 emissions. Now comparing similar the same data set to China, we see a little difference. China starts with more than 85 billion net national income in 1970 and increases to 3.7 trillion by 2008. Although this is a great increase in the national income, its still not as large as the united states' increase. However, with China, we see CO2 emissions per capita starting at .94 in 1970 and increasing to 5.31. In china an opposite pattern seems to occur with a gradual increase in CO2 emission as time passed. This might be to their country developing gradually. Either way, there is enough evidence in both the US and China to note that CO2 emissions need to be taken serious and dealt with in order to lessen the amounts their citizens are exposed to. The increase in both the countries net income shows a positive incentive to move towards investing in fighting greenhouse gases.

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