Alternative Energy HQ solar power for homes, wind energy, and bio fuel issues
The global economy is affecting our industry dramatically. Rising demand for oil and natural gas means that power generators and industrial plants will be desperate for basic feedstock that helps feed the American economy.
New technologies will be created and innovation in our industry will continue to grow, which will invariably lead to more inventive uses for coal. With the right incentives and under the proper market conditions, companies will introduce relevant products and services too meet these needs and demands. Without this type of thinking in the energy sector — where the ever-increasing demand for power and gas is tapping the availability of vital fuels and putting upward pressure on prices, it will result in dire consequences to the global economy.
As we all know, natural gas is a finite resource, which at the current rate of production and consumption would last about 60 more years in the United States. We also must face the fact that developing nations will expand and demand more of the world’s oil and natural gas to fuel their growth. Since the U.S. comprises approximately five percent of the world population but uses about 30 percent of the energy, it is inevitable for that balance to shift, especially in light of the shift in manufacturing capacity to overseas markets.
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