Energy Use in the Home

In the past decade, global oil prices have risen 265%. This increase continues to strain us in our daily lives and stretches our businesses to a breaking point of maintaining costs and/or raising prices.

Our homes use a variety of heating fuels. Will the percentage of the following fuels change as we explore new ways to fuel our homes?  

Electric                       36%

Natural Gas               49%

Oil                                7%

Propane                       6%

Other                            2%   (solar is 0.01%)

 

The Bakken Formation in North Dakota and Montana could provide more than 10 billion barrels of recoverable oil.

U.S. oil demand fell 2.3% in October 2012. We use approximately 18.4 million barrels a day as per the American Petroleum Institute. It just seems to me that the energy issue of the 1970’s and 1980’s wasn’t serious enough for our elected officials.

Fracking will provide access to natural gas supply sufficient to fuel the US economy for more than 100 years. It seems clear to me!