Vice President Joe Biden today unveiled a new report, "The
Recovery Act: Transforming the American Economy through
Innovation," which finds that the Recovery Act’s $100
billion investment in innovation is not only transforming
the economy and creating new jobs, but helping advance
technologies that help keep America competitive in the 21st
century economy.
Estimated energy demand is charted to grow by almost 50% in the next 20 years.
55 of the world's 65 largest oil producing countries are past their production peaks and in decline.
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)
In 2007, the average monthly residential electricity consumption was 936 kWh. (Source: EIA)
