Energy Secretary Steven Chu today announced a conditional
commitment to provide a partial guarantee for a $98.5 million
loan by John Hancock Financial Services to the Nevada
Geothermal Power Company for a 49.5 megawatt geothermal
project in Humboldt County in northwestern Nevada.
55 of the world's 65 largest oil producing countries are past their production peaks and in decline.
Fossil fuels provide more than 85% of all the energy consumed in the US, nearly two-thirds of our electricity, and virtually all of our transportation fuels. (Source: DOE)
In 2007, renewable sources of energy accounted for about 7% of total U.S. energy consumption and 9.4% of electricity generation. (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)
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)
