According to the Energy Department, despite persistently high oil prices, global energy demand will grow by 50 percent over the next two decades with continued heavy reliance on environmentally troublesome fossil fuels, especially coal and oil.
The projections by the Energy Department’s statistical agency said that without mandatory actions to address global warming, the amount of heat-trapping carbon dioxide flowing into the atmosphere each year from energy use will be 51 percent greater in 2030 than it was three years ago.
“Fossil fuels … are expected to continue supplying much of the energy used worldwide,” the Energy Information Administration report predicts, in spite of the growth of renewable energy sources, especial wind and biofuels.
“Global energy demand grows despite the sustained high world oil prices that are project to persist over the long term”. Oil could cost as little as $113 a barrel or as much as $186 a barrel in 2030, the analysis concluded.
This seems to be common-sense information, who would guess that energy use would not increase in the future? What seems even more obvious is that we need to start taking strong steps towards isolating the US from the rest of the world in terms of energy supply. We need our own supply of energy, preferably renewable or nuclear based, that will shield us from the volatility of the global energy market.
- Hillary Clinton’s “Debt”
- Lexington Project