Clear Evidence that Fossil Fuels are Here to Stay...
The EIA, US
Energy Information Agency, says in its
latest report that fossil fuel, including petroleum, natural gas, and coal, formed
the largest share of energy production and consumption in the United States,
the world’s top fuel user, last year.
In 2019, it
was staggering 80% of domestic energy production and 80% of the domestic energy
consumption.
The revelation
casts a worrying a shadow over the optimism of going Green any time soon: 80%
of production and that of consumption are not small numbers; they are immensely
significant.
That means
the supply-demand lever of fossil fuels, especially crude oil, is going to
shape the US energy realm for years to come.
In this
context, it is not feasible to see notable drop from 80%, both in production
and consumption, in the near future –certainly not after being bruised by a
pandemic.