Powering the Future

Powering the Future

Future Energy
Demand for energy is rising around the world, according to the Department of Energy and the International Energy Agency. Learn more. More >>

ETR 14 Energy Outlook: Forecasting for the Future
Dec. 18, 2007 - This episode of EnergyTomorrow Radio features API's Jane Van Ryan and Rayola Dougher, joined by Guy Caruso of the Energy Information Administration. They discuss the global energy outlook in both the long and short term. More >>

Alternative sources of energy will grow dramatically over the next 20 years, but they alone cannot meet all of our needs. We need to embrace all forms of energy – including the oil and natural gas this country depends on for business and personal mobility.

Solar, wind, geothermal, and fuel cell technologies are among the numerous energy solutions that have garnered considerable interest in recent years. The oil and natural gas industry believes that each one has an important role to play in America's energy supply.

Solar, wind and geothermal technologies are producing electricity for homes and businesses. And it's believed that hydrogen to power fuel cell vehicles, could become a viable energy source in the future.

Those fuels are undoubtedly a viable part of tomorrow’s energy mix, but they do not represent the entire answer. In the year 2030, renewable ‘fuels of the future’ will only comprise nine percent of consumer demand. More than 60 percent of demand will continue to be fulfilled by oil and natural gas.

Someday technology might introduce a new source of energy to the marketplace that is even more efficient, cleaner and cheaper than oil and natural gas. In the meantime, we all need to work together to use existing energy resources wisely, that means continuing to invest in ways to make the exploration, production and use of oil and natural gas more efficient.

This is an ad by an oil company. I do believe that oil IS in our future but dont believe it should be the focus. We cant drill our way out of this situation. OPEC and hostile and unstable governments who punish us with high oil prices on a whim make it impossible.