Proposal

Analysis of World Energy Production & Consumption Through Interactive Visualizations

Overview

Proposal

Analysis Report

Poster

Application

Project Overview

Properly functioning markets for electricity, natural gas, oil and pollution allowances are essential for the rational allocation of resources and cost-effective attainment of environmental goals. Rapidly changing energy dynamics determine the course of our economic development, geopolitics, technological breakthroughs, massive investments and trade flows.With renewable energy moving from niche to mainstream, the fuel mix is shifting.

The intent of our project is to visually explore the world in transformation as the global energy system is undergoing major shifts. We will explore trends in energy production and consumption across countries through time. By using interactive visualization techniques, we propose to aid discovery of long run transitions and short run adjustments by analyzing key factors like production, consumption, costs and trade movements of various energy resources-both renewable and non-renewable, electricity generation using these resources and the effects of energy usage in terms of Carbon Dioxide emissions.

Motivation

Energy growth drives the well-being and prosperity across the globe. Growing demand for energy has to be met in a safe and environmentally conscious manner. Rapidly changing energy dynamics determine the course of our economic development, geopolitics, technological breakthroughs, massive investments and trade flows.

The intent of our project is to visually explore the world in transformation as the global energy system is undergoing major shifts. We will explore trends in energy production and consumption across countries through time. With the rapid deployment and falling costs of clean energy technologies, usage of renewable energy sources has improved over time shifting the fuel mix.

Though reports from various organizations such as EIA, IEA, OPEC, BP are available, most of the visualizations are static and do not aid exploration. By using interactive visualization techniques, we propose to aid discovery of long run transitions and short run adjustments by analyzing key factors like production, consumption, costs and trade movements of various energy resources-both renewable and non-renewable, electricity generation using these resources and the effects of energy usage in terms of Carbon Dioxide emissions.

Objective

Static visualization and reports do not allow for direct interaction with data, enhanced assimilation of information, quick access to relevant insights and drill-down analysis. By using interactive, visual data analytics techniques we will be bringing the above-mentioned capabilities to the interface.

The objective of this project is twofold. The user of this interface will be able to:
1. Perform Interactive data exploration and discovery guided by platform design.
2. Estimate different parameters using predictive modelling

About Data Source

BP plc, formerly British Petroleum, is a British multinational oil and gas company headquartered in London, England. It is the world's sixth-largest oil and gas company, the sixth-largest energy company by market capitalization and the company with the world's twelfth-largest revenue (turnover). It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading. It also has renewable energy interests in biofuels and wind power.

For 66 years, the BP Statistical Review of World Energy has provided high-quality objective and globally consistent data on world energy markets. The review is one of the most widely respected and authoritative publications in the field of energy economics, used for reference by the media, academia, world governments and energy companies. A new edition is published every June.

For the purpose of this project, we are using the BP Statistical Review of World Energy data.

Critique of Existing Visualization

We noticed that all the existing visualizations are static in nature. We would be enhancing these to make them interactive in order to gain deeper insights.

Visualization Deliverables and Packages

We plan to use both Tableau & R to come up with our visualizations.

Below are some of the Visualizations that we would be working on:

• Energy consumption by Region
• Energy consumption by Fuel type
• Shares of global Energy Consumption
• Fuel Prices & Utilizations
• Reserve-to-Production Ratios

We also plan to come up with some interactive visualizations as we dig deeper into the dataset along the course of the project.

References

About BP: https://en.wikipedia.org/wiki/BP

Data Source: http://www.bp.com/statisticalreview