Abstract
Recent events have reminded us of the critical need to transition from crude oil, coal, and natural gas toward sustainable and domestic sources of energy. One reason is we need to strengthen our economy. In 2008 we saw the price of oil reach a record $93 per barrel. With higher oil prices, growing demand for gasoline, and increasing oil imports, an average of $235 billion per year, has left theUnited States economy to pay for foreign oil since 2005, or $1.2 trillion between 2005 and 2009. From a consumer perspective, this trend is seen with an average gasoline price of $2.50 per gallon since 2005, compared to an average of $1.60 between 1990 and 2004 (after adjusting for inflation). In addition to economic impacts, continued reliance on fossil fuels increases greenhouse gas emissionsthat may cause climate change, health impacts from air pollution, and the risk of disasters such as the Deepwater Horizon oil spill. Energy efficiency in the form of more efficient vehicles and buildings can help to reduce some of these impacts. However, over the long term we must shift from fossil resources to sustainable and renewable energy sources.
Original language | American English |
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Publisher | National Renewable Energy Laboratory (NREL) |
Number of pages | 8 |
State | Published - 2011 |
NREL Publication Number
- NREL/BR-5600-49923
Keywords
- EE
- energy efficiency
- H2
- hydrogen