ITI Capital global commodities review: The revenge of the old economy — what to buy?
smartmoney.oneSource: BP statistical review, ITI CapitalSource: BP, ITI Capital* The amounts are rounded and given in million tonnes of oil equivalent per year (1 Mtoe = 11.63 TWh, 1 TWh = 109 kWh)Source: Bloomberg, ITI CapitalCountries and regions with the highest reliance on energy imports such as the EU, China and US are driving up the prices.EU the third largest electricity consumer (2 780 000 GW/h) before China (7 562 000 GW/h) and USA (3 989 566 GW/h) is under most pressure due to traditional high reliance on alternative energy sources and this year wind power which account for 23% of renewables has stopped blowing.