Huffpost Business

Oil Continues To Be King

Posted: Updated:
Print

This year, there was plenty of talk about reducing oil consumption, but let's face it: a lot of it was probably hot air. So it should come as no surprise that a new forecast of United States energy use through 2030 shows that energy consumption is expected to rise, and to be dominated by petroleum.

Although interest in alternative energy sources is definitely on the upswing, these pale in comparison to our continuing dependence on petroleum. In fact, projected use of solar power, wind power and biomass and geothermal energy is so small that none of these merit their own category. Instead, all four are grouped under the catch-all "nonhydro renewables."

But a projection is hardly written in stone. Already, the Energy Information Administration is planning to revise its forecast, taking into account the new federal energy bill. If oil prices and public interest in going green remain high enough, who knows? Maybe all that hot air will turn into actual energy.

Read the whole story at New York Times