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America's Energy Challenges
 

America's Energy Challenges

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When looking at America’s long-term energy security picture, there are several critical issues that present national security challenges. Growing global demand puts price pressure on energy ...

When looking at America’s long-term energy security picture, there are several critical issues that present national security challenges. Growing global demand puts price pressure on energy resources; security disruptions threaten energy supplies; price volatility saps the U.S. economy; and fossil fuels exacerbate climate change.
It is a national security imperative that the United States invests in long-term R&D to develop new energy technologies. Unfortunately, current R&D funding levels are woefully inadequate – and at a time when infrastructure is crumbling around the country.
The slides below outline the critical energy challenges facing America over the next several decades. With the urgent need to invest in R&D, upgrade infrastructure, and replace existing power plants that are set to retire, there is an enormous opportunity for American leadership.
If America makes a national commitment to develop energy technologies to power the economy for the next-century, we can ensure stable and affordable supplies of energy, reduce greenhouse gases, and enhance U.S. energy security.

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    America's Energy Challenges America's Energy Challenges Presentation Transcript

    • THE PROBLEM:Energy, Security and AmericanLeadership
    • The  Challenges  •  Growing  Global  Demand  for  Energy  •  Security  of  Energy  Supplies    •  Economic  Stability  •  Environmental  Sustainability  •  Aging  Infrastructure    •  Declining  American  R&D  for  the  Future    
    • Challenge:  Growing  Global  Energy  Demand   EIA  ProjecEons:2011-­‐2035   •  91%  growth  in  Asia  (ex.   Japan)       •  62%  growth  in  the   Middle  East   •  65%  growth  in  Africa     •  69%  growth    in  Central   and  South  America   •  9%  increase  in  US  
    • Challenge:  Security  of  Energy  Supplies   •  Energy  Dependence   Creates  Military   Missions   •  Oil  Dependence   Undermines  American   Foreign  Policy  
    • Challenge:  Economic  Instability   U.S.  Natural  Gas  Wellhead  Prices     Oil  Price  ($WTI)   (Henry  Hub)   January  2007-­‐Present   12   160   140   10   120  $  per  thousand  cubic  feet   8   100   $  per  barrel   6   80   60   4   40   2   20   0   0                                           2004 2005 2006 2007 2008 2009 2010 2011 2012 2007 2007 2008 2008 2009 2009 2010 2011 2011 2012 2012
    • Challenge:  Environmental  Sustainability  •  82%  of  the  US  energy   supply  is  fossil  fuels,   which  produce   greenhouse  gases  •  A  changing  climate  is   creaEng  new  missions   for  an  already   overstretched  military.  
    • Challenge:  Declining  American  R&D  •  Investment  in  basic  research  and   development  is  about  2.6%  of  GDP  –   significantly  less  than  the  3%  that  we  held  as  a   standard  through  the  1960s  •  PrioriEes?     –  The  U.S.  spends  more  annually  on  a  tax  break  for   employee  parking  ($3.1  billion)  than  the   Department  of  Energy  spent  on  applied  R&D   ($2.27  billion)?  
    • THE  OPPOTUNITY:  for American Leadership andSecurity  
    • Aging  Energy  Infrastructure  
    • New  Energy  Infrastructure  needed    to  meet  rising  demand  
    • Electricity-­‐GeneraEng    Power  Plants  in  the  U.S.  •  Over  500  Coal-­‐fired  Electricity  Plants  •  104  Nuclear  Reactors  •  Over  1,500  Natural  Gas  Electricity  Generators     All  of  these  will  have  to  be  replaced    or   substan5ally  refi8ed  before  2050  •  What  will  replace  them?  
    • The  Challenges    “by  the  year  1980,  the  United  States  will  not   be  dependent  on  any  other  country  for  the   energy  we  need  to  provide  our  jobs,  to  heat   our  homes,  and  to  keep  our  transportaEon   moving.”      –  President  Richard  Nixon,  1974