Ned Lentz
ENG 122
Fawn vonFrohling
May 25, 2013
The nineteenth and twentieth centuries brought many wonderful inventions that advanced the human race into a world of technology driven by energy. The need for consumable fuels such as oil, coal, and natural gas needed for energy are growing on such a rapid pace that international production facilities can barely keep up with global demand. In BP’s “Statistical Review of World Energy 2011”, global data showing that average daily crude oil consumption surpassed production by over five million barrels per day during the year 2010. The sheer size and scope of the oil industry, current consumption habits and dependency on oil are so immense that the thought of an alternative solution is almost laughable; especially since the United States and China are the top oil consumers in the world (CIA, 2011).
According to the U.S. Energy Information Administration, historical data shows that the price of Brent crude oil has risen exponentially in just the last 18 years. The price in May 1987 was listed at $18.55 a barrel where in May 2013 the price posted in triple digits of $104.55; an escalation of $86 U.S. dollars (USEIA, 2013). Increasing alternative energy technology and methods will take decades to create as well as implementing policy to reinforce the foundation for alternatives. Both government and inter-American corporations should interact with each other to move towards alternative energy solutions because businesses respond to policy measures implemented by the government and the government ensures that their policies stimulate innovation.
Alternative energy technologies enhance energy consumption and provide cleaner emissions that reduce the amount of toxic gaseous discharges. Renewable energy is generated from renewable sources i.e. wind, solar and water also known as hydroelectric. The development of human energy reduction
References: Alberini, A., Banfi, S., & Ramseier, C. (2013). Energy Efficiency Investments in the Home: Swiss Homeowners and Expectations about Future Energy Prices. Energy Journal, 34(1), 49-86. CIA (2011). Retrieved from https://www.cia.gov/library/publications/the-world-factbook/rankorder/2174rank.html EERE "Bioenergy Technologies Office: About the Bioenergy Technologies Office: Growing America 's Energy Future by Replacing the Whole Barrel of Oil." U.S. DOE Energy Efficiency and Renewable Energy (EERE) Home Page. N.p., 19 Feb. 2013. Web. 3 May 2013. <http://www1.eere.energy.gov/biomass/about.html?m=1&>. Ganos, T. (n.d.). Retrieved from http://www.forbes.com/sites/toddganos/2012/01/03/breaking-u-s-dependence-on-foreign-oil/ GILLETTE, N. (2013). Air Infiltration: The Hidden Energy Efficiency. Heating/Piping/Air Conditioning Engineering, 85(4), 6-9. Hertsgaard, M. (2010). Kicking the Oil Habit. Nation, 291(5/6), 20-24. Lieberman, B., & Loris, N. (2008, July 28). Energy Policy: Let 's Not Repeat the Mistakes of the '70s. Conservative Policy Research and Analysis. Retrieved May 13, 2013, from http://www.heritage.org/research/reports/2008/07/energy-policy-lets-not-repeat-the-mistakes-of-the-70s McCutcheon, C. (2011, July 7). Energy-Short Japan Eyes Renewable Future, Savings Now. National Geographic Daily News. Retrieved May 13, 2013, from news.nationalgeographic.com/news/energy/2011/07/110707-japan-energy-future-after-tsunami/ Stern, P. C., & Gardner, G. T. (1981). Habits, hardware, and energy conservation. American Psychologist, 36(4), 426-428. doi:10.1037/0003-066X.36.4.426 USEIA. (2013, May 22). Retrieved from website: http://www.eia.gov/tools/faqs/faq.cfm?id=32&t=6