Energy Trends

US Energy Trends

Fossil fuels have been the standard source of energy. However, the reliability, availability, and affordability of fossil fuels kept the need for alternative energy from being implemented. However, in the last few decades, young professionals are now fueling a revolution of environmental responsibility and questioning the social impact of speculative business deals and costly investments.

 

Trends for renewable energy have matured a lot

since the initial growth spurt of the previous decade. While there are still some developing economies that rely on oil and coal as sources of energy, the majority of developed nations are following the lead of New Zealand and Scotland. In addition, countries like Germany and Spain are exploring ways to develop new fossil fuel sources. If these trends continue, we can expect an increase in the number of cars on the road that use gasoline or diesel and a decline in the number of cars that are powered by electricity.

 

Another way to look at this trend is to see it as a replacement for fossil fuels

which are the dominant source of energy today. This would leave a significant gap in the world’s energy supply. In the short term, natural gas, a liquefied natural gas, is expected to surpass coal in popularity. Natural gas is far more abundant than coal, which makes it more economically feasible for companies to mine and use it. Also, in its second decade, the United States will become the largest producer of natural gas.

 

As the shift to renewable forms of energy takes hold

there are going to be several challenges. These include governmental regulations and legislation passed in the United States that are expected to drastically reduce the use of nonrenewable resources. The regulations also encourage research and development on renewable alternatives, such as solar power and wind power. If these initiatives prove successful, the United States and other countries can anticipate a period of sustained clean energy growth that can eliminate the Net-Zero Carbon emissions problem that has been a prominent cause of concern over the last 15 years.

 

Although the outlook for the energy industry looks strong

there are a few challenges that we face as well, including the fact that the energy supply remains highly uneven across the country. The Midwest, where the energy demand is most concentrated, has seen little growth in the past couple of years. Although the situation is improving due to the efforts of oil and natural gas companies, there are still areas in the Midwest and Plains states that continue to face high energy demand rates. In addition, despite recent announcements by several large corporations that have decided to invest in the Midwest region, the overall economic recovery in the region has not recovered completely from the recession.

 

Even with the increased focus on reducing the emissions

that form the largest part of the US emissions inventory, the sources of these emissions continue to increase. As a result, the efficiency of the Nation’s power sector continues to decline. Even though the Nation’s power sector emits more carbon than any other sector today, the number of carbon emissions that are emitted by power plants continues to increase unabated. This trend will not abate without additional efforts on the part of consumers and businesses to reduce their emissions. For the Nation, reducing the number of carbon emissions that are released into the atmosphere will be an important factor in whether or not the Nation finds itself in decline as a result of the global warming phenomenon. Renewable energy resources and the efforts of businesses and consumers to make use of such resources will need to continue to be an important component in the Nation’s efforts to address the issue of climate change.

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