Energy is the lifeblood of everything we do. From business to transportation to our social life, we all depend on energy supplies to power our world. We are at a crossroads in the U.S. as new energy resources and an increased emphasis on efficiency is shifting the balance of power in America’s favor. In light of these developments, Skanska examined the trends in U.S. energy production and consumption, as well as the benefits we may incur from increased domestic energy production. The country is on track to become the world’s largest oil producer in less than a decade and the U.S. is currently the world’s largest producer of natural gas. The world is taking notice. What do all these energy developments mean for you? A cleaner environment, higher GDP and industrial and job growth are just a few benefits of our increased domestic energy production.
Made in America: How Increased Domestic Energy Production Affects You
1. Made in
America
Then
How Increased Domestic Energy
Production Affects You
Now
Future
r
EneNDgNyE
E E C
2019
2035
2005
60% of
2012
16.2% of
consumed oil
was imported
consumed natural
gas was imported
consumed oil
imported
The country is on track to become the world’s
largest oil producer in less than a decade
In 2011, total energy use
per person in the U.S. was
The U.S. will be
able to supply all
of its energy
needs by 2030.
Oil is expected to
be a significant
U.S. export by
2035; natural gas
by 2019.
6% of
40% of
consumed natural
gas was imported
i
INDEP
A combination of both higher exports and
lower imports led to the decline
i
Current Energy Flow
13% less than 1978
Industrial
30.59%
Transport
27.08%
Residential
21.62%
Commercial
18.02%
How We Power Our Electricity
49%
Coal
37%
30%
Natural Gas
20
%
Nuclear
19.4%
19%
Hydropower
7%
Other Renewables
2.4%
2007
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7%
5%
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2012
Energy Sources And Percent Share Of
Total Electricity Generation In 2012:
Coal 37%
Remains a significant source of power.
There are more BTU’s of coal
The U.S. government has committed
$3.4B to clean coal tech to help us
utilize our reserves more responsibly.
$3.4B
Natural Gas 30%
under the state of Indiana than
there is oil under Saudi Arabia.
40%
Growing sharply.
1 in 5 public transit buses runs
on natural gas.
Natural Gas accounted for 20% of total
electricity generation in 2010 and is expected
to reach 40% in the next several decades.
Nuclear 19%
Production has been flat since 2001.
90%
One uranium fuel pellet creates as
Although technology has improved efficiency
over the last 20 years, the nation’s nuclear
facilities are aging and are not being replaced
faster than they are being decommissioned.
much energy as one ton of coal or
Hydropower 7%
The Grand Coulee Dam produces
17,000 cubic feet of natural gas.
most of the power in Washington
This sector is growing slowly.
State, and energy costs along the
Water has been used since ancient times
to move mechanical devices such as
mills. While this form of energy fell out
of favor, there's renewed interest.
river are cheap, luring tech
companies like Google to build
server farms there.
Other Renewables 5%
Solar energy could supply 1/3 of all electricity
demand in the Western U.S. by 2050.
37mWh
The nation’s wind generation
potential from on-shore production
is 9x larger than current total U.S.
The U.S. also has wind generation potential to
generate 37 megawatt-hours of electricity
from on-shore wind production annually.
electricity consumption.
The Benefits
of Increased Domestic Energy Production
Job Growth
50% employment growth in
alternative energy sector is
expected by 2015, to 2.5
million jobs.
Cleaner Environment
Less consumption and a decline
in carbon intensity led to a 12
percent drop in emissions
between 2005 and 2012.
Industrial Growth
Consumer Benefits
Prices are already down 50% near
the large gas deposits in the U.S.
Analysts foresee a new era of
industrialization: a result of cheap
shale gas, transportation’s move to
natural gas, and foreign exports.
Increased GDP
Energy self-sufficiency along with
low natural gas prices could help
lower the U.S. deficit, increase the
nation’s GDP and improve the
value of the dollar.
U.S. Foreign Policy
Energy independence will help
the trade deficit and insulate
the U.S. from price shocks
caused by instability in the
Middle East.
Sources:
http://www.eia.gov/pub/oil_gas/natural_gas/feature_articles/2007/ngimpexp/ngimpexp.pdf
http://www.eia.gov/totalenergy/data/annual/pdf/sec1_3.pdf
http://nca2009.globalchange.gov/us-electricity-sources-2007
http://www.eia.gov/tools/faqs/faq.cfm?id=427&t=3
http://thinkaboutit.org/transportation/#.UkS81YaKJRQ
http://www.nei.org/Master-Document-Folder/Backgrounders/Fact-Sheets/Quick-Facts-Nuclear-Energy-in-America
http://www.ourenergypolicy.org/energy-2020-north-america-the-new-middle-east/
http://www.windpoweringamerica.gov/filter_detail.asp?itemid=2542
www.usa.skanska.com
blog.usa.skanska.com