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Bloomberg New Energy Finance’s 2030 Market Outlook, which makes predictions concerning global power markets, reported, “By 2030 the world’s power mix will have transformed: from today’s system with two-thirds fossil fuels to one with over half from zero-emission energy sources. Renewables will command over 60 percent of the 5,579 Giga Watts of new capacity and 65 percent of the $7.7 trillion of power investment.“


Oil


The United States is still the world’s greatest oil consumer, importing about five million barrels a day, and with shale oil gushing, the United States has become the globe’s


biggest oil producer.


The EIA forecasts that in 2015, U.S. regular gasoline retail prices will average $2.48 per gallon.


Oil production is projected to keep falling through early 2016 and then resume growing. In 2015 U.S. crude oil production may average 9.5 million barrels per day and 9.3 million barrels per day in 2016.


Alternative Energy


Certain states lead the green charge. Clean Edge, a clean-tech research and advisory firm, reported about the 47 percent growth in new U.S. energy generation capacity. Of


that spike, 27 percent came from utility-scale wind and 20 percent from solar power.


The clean energy state leader is California, which in 2014 was the first state to generate five percent of its electricity from utility-scale solar.


Clean Edge also says that “eleven states now generate more than 10 percent of their electricity from non-hydro renewable energy sources.”


Iowa, South Dakota, and Kansas generate more than 20 percent, and if biomass and hydropower are included, “Idaho, Washington, Oregon, and South Dakota now exceed 70 percent renewables generation.”


Hydropower may become the new hot energy sector. CNBC reported in July that utilities are considering installation of in-pipe hydropower systems that will turn micro turbines. Alternatively, the devices could capture the energy from water flow through streams and canals.


Coal


The use of black rocks is plunging as a resource. Bloomberg New Energy Finance reports that by 2030, use of coal, which currently supplies 26 percent of the main fuel


www.hispanicengineer.com Report released by


U.S. Energy Information Administration (EIA) http://www.eia.gov/forecasts/aeo/


HISPANIC ENGINEER & Information Technology | Fall 2015 33


source for electric power generation, will fall to 17 percent.


The industry is also waiting to see what the impact will be of the Obama Administration’s Clean Power Plan to slash the power plants’ emissions of carbon. President Obama has vowed that greenhouse gas emissions will be reduced 28 percent by 2025.


The Clean Power Plan, said Environmental Protection Agency Administrator Gina McCarthy, will be finalized this summer.


In response, the governors of six states, including one Democrat, have threatened that they will not comply with the Clean Power Plan, perhaps to protect jobs and businesses in their coal-producing states. The American Energy Alliance, a political action group, also opposes the Clean Power Plan.


Last June the New York Times reported that coal companies did get a boost when the Supreme Court blocked “one of the Obama administration’s most ambitious environmental initiatives, an Environmental Protection Agency regulation meant to limit emissions of mercury and other toxic pollutants from coal-fired power plants.”


Natural Gas


In spring 2015, for the first time, natural gas, with its cheaper price, became the major supplier of U.S. electric power generation.


The research company SNL Energy reported that approximately 31 percent of electric power generation in April came from natural gas, 30 percent from coal, and 20 percent from nuclear power.


The U.S. Energy Information Administration says that in June natural gas working inventories were 2,577 billion cubic feet, or 35 percent higher than a year earlier and 1 percent above the previous five-year average.


Nuclear Power World-Nuclear.org, the website of the World Nuclear Association (WNA), says that the United States remains the global leader in nuclear power production. SNL Energy, a


research company, reported in June that 20 percent of U.S. electric power came from nuclear power.


There are 100 U.S. nuclear reactors, and 99 are operable. The WNA says that six new United States reactors could be online by 2020, a reversal of the past three decades, when few reactors were built.


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