World oil markets are growing tighter and are expected to
continue to do so for two years, driving up prices for crude
oil and motor fuels, according to DOE's Energy Information
Administration (EIA). Crude oil is expected to average $93 per
barrel in 2011 and $98 per barrel in 2012.
Today’s challenges of reducing greenhouse gas emissions while meeting the country’s steadily rising demand for electricity make it essential for legislatures and public utility commissions to shift their focus toward mechanisms that make demand reduction as profitable for utilities as increasing supply. (Source: Institute for 21st Century Energy)
Estimated energy demand is charted to grow by almost 50% in the next 20 years.
Electricity generation accounts for about 40% of total U.S. energy consumption. (Source: Institute for 21st Century Energy)
The United States makes up 5% of the world's population and accounts for 25% of total energy use.
In 2007, renewable sources of energy accounted for about 7% of total U.S. energy consumption and 9.4% of electricity generation. (Source: EIA)
