President Obama recently stated “We’ve got to look at the energy sources of the future.” And while he was specifically pointing to wind and solar power, it appears he’s overlooking what his own Department of Energy recently reported will dominate the next 30 years of energy production – namely fossil fuels. According to DOE projections, petroleum, natural gas, and coal – which currently provide 87% of total U.S. energy – will remain the nation’s dominant energy sources in 2040 still topping more than 80% of our energy needs. So, despite President Obama’s dismissal of fossil fuels as “energy sources of the past,” his own Department of Energy’s forecast foretells a much different story.
September 30, 2013 by Craig Rucker,
Craig Rucker is president and co-founder of CFACT.