Vice President Joe Biden has announced that 37 projects in
17 states were awarded Recovery Act funding as part of
DOE's second round of grants for the Advanced Research
Projects Agency-Energy (ARPA-E). Twenty-three of the
awards focus on developing advanced "electrofuels" and
batteries.
Estimated energy demand is charted to grow by almost 50% in the next 20 years.
In 2007, the average monthly residential electricity consumption was 936 kWh. (Source: EIA)
Crude oil, taxes, refining, distribution and marking are the four main components that make up the retail price of a gallon of gasoline. (Source: EIA)
In 2007, renewable sources of energy accounted for about 7% of total U.S. energy consumption and 9.4% of electricity generation. (Source: EIA)
55 of the world's 65 largest oil producing countries are past their production peaks and in decline.
