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Why does energy matter so much?
A Nation’s consumption of energy directly correlates to its economic performance. Globally, the United States is recognized as a nation with a high economic performance and the substantial consumption of energy in the United States reflects this economic factor. Energy is the largest market in the world economy and continues to grow.
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Primary US energy consumption: Liquid fuel is the largest source of energy consumption in America
United States end-use energy consumption is comprised of electricity, thermal, and transportation. End-uses for liquid fuel total approximately 41 quadrillion Btus per year. For the three end-uses of energy, liquid fuel, natural gas, coal, nuclear, and renewables provide the approximate 100 quadrillion Btus of energy consumed per year in the US.
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Liquid fuels and coal produce the majority of US CO2 emissions
Electric, thermal, and transportation energy use in the United States contribute 5,890 million tonnes of CO2 emissions each year. Liquid fuel and coal emit approximately 4,715 million tonnes of the 5,890 million tonnes of CO2 emissions per year.
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Driven primarily by transportation fuel consumption, the US’s demand for crude oil far exceeds its supply, causing it to rely heavily on imports to meet the domestic supply deficit
Energy density is crucial for transportation applications – the traditional liquid fuels derived from crude oil, namely jet fuel, gasoline, and diesel, lead the list of transportation fuels
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To meet US demand, supply will continue to be sourced from foreign nations
The widening gap between US oil production and US oil consumption is filled by foreign oil imports.
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The true cost of oil to the US taxpayer
Oil imported from the Persian Gulf is nearly $1T per year, which translates to a cost per gallon of ~$26 to the US taxpayer.
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How do Renewable Fuels give the US energy security?
In an effort to secure domestic sources of oil and reduce CO2 emissions, the US produces renewable fuels; of the renewable fuels, algae’s biomass productivity and infrastructure compatibility makes it the leader
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C02 and Algae: Environmental Benefits of “Green Crude”
Algae can enable beneficial reuse of CO2, allowing the US to utilize its vast volumes of coal for power generation and renewable transportation fuel production
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How does “Green Crude” fit transportation fuel needs?
Transportation fuels need to have characteristics to match upcoming policy and infrastructure.
