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USA’s energy consumption to go down, says DOE

Rising prices will curtail energy consumption, DOE says CLEVELAND.COM By John Funk, The Plain Dealer December 14, 2009,
The American appetite for energy will grow by just 14 percent over the next quarter century as energy efficiency and high prices drive down demand, the U.S. Department of Energy said Monday.

In its annual long-term forecast, the department’s Energy Information Administration predicted slower growth in overall energy demand and a shift toward renewable energy. By 2035, fossil fuels like coal and oil will drop from today’s 84 percent to about 78 percent of the total………….”Our projections show that existing policies that stress energy efficiency and alternative fuels, together with higher energy prices, [will] curb energy consumption growth and shift the energy mix toward renewable fuels,” said EIA administrator Richard Newell………….Renewable technologies like wind and solar will surge from about 9 percent of all power produced now to 17 percent by 2035. Natural gas-fired generation also will increase.

Rising prices will curtail energy consumption, DOE says | Business – cleveland.com – – cleveland.com

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December 15, 2009 - Posted by | ENERGY, USA

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