BP Plc: Christof Ruhl, Group Chief Economist, BP, gives an overview of the BP Statistical Review of World Energy, published annually each June. Here, Ruhl summarizes how global events impacted energy consumption, production and generation in 2011. The earthquake and tsunami in Japan shut down Fukushima nuclear power plant. The Arab Spring caused the highest oil prices ever, which exceeded $100/barrel for the first time. Crude oil produced by OPEC made up for losses in Libya. Asia, including India and China, relied on natural gas and coal to replace the losses in nuclear output. US made huge gains in shale production. To read the full Stats Review, visit bp.com/statisticalreview
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