• How is US Fossil Fuel Consumption Changing?

How is US Fossil Fuel Consumption Changing?

Jul 13 2018 Read 834 Times

It's no secret that fossil fuels are a dying resource, with some experts predicting that demand could peak by as early as 2020. In the wake of new findings from the US Energy Department revealing that fossil fuel consumption dropped to the lowest share in more than a century in 2017, the timeline isn't as implausible as it might sound.

Thanks to an increased awareness of energy consumption and a nationwide movement towards renewables, petroleum use remained well below its 2005 peak last year, with fossil fuels accounting for just over 80% of domestic energy consumption. This represents the lowest market share seen since 1902. Meanwhile, renewables are rapidly gaining momentum, with "clean energy" representing just over 11% of total consumption in the US.

US shuns "dirty" coal

A significant drop in the use of coal is one of the major triggers, a downward trend that's been influencing US energy consumption for over a decade now. Since 2005 national coal consumption has fallen by roughly 40% and dropped a further 2.5% in 2017, despite the Trump administration's efforts to bolster the industry. US natural gas consumption also fell by 1.4%, in spite of a steady increase in global demand and spike in domestic production.

After factoring in the latest data, the International Energy Agency projects that global gasoline demand will increase by a marginal 0.2% a year up until 2023. The slow crawl will be largely powered by new fuel efficiency standards introduced in 10 of the world’s biggest vehicle markets, including the US, UK and Australia, plus a host of EU nations.

Electric era gains momentum

There's also been a big push towards championing the electric era, with nations like the UK set to ban sales of all new diesel and petrol cars by 2030. Meanwhile, a bevy of global manufacturers are launching next generation electric models, with highly-anticipated models including the 2018 Nissan LEAF, 2018 Tesla Model S, 2019 Chevrolet Bolt EV and 2018 BMW i3.

Combating climate change is one of the biggest drivers of the clean energy revolution, with manufacturers continually exploring new ways to reduce emissions. Spotlighting the latest solutions used to increase efficiency, lower fuel consumption and reduce NOx emissions in fired heaters, 'Tunable Diode Lasers as a Key Solution for Safety in Combustion Processes' highlights the significant performance advantages. of TDL technologies.

Read comments0

Do you like or dislike what you have read? Why not post a comment to tell others / the manufacturer and our Editor what you think. To leave comments please complete the form below. Providing the content is approved, your comment will be on screen in less than 24 hours. Leaving comments on product information and articles can assist with future editorial and article content. Post questions, thoughts or simply whether you like the content.

Digital Edition

Petro Industry News Buyers Guide 2019

February 2019

In this edition Fuel for Thought - Changes on the Endress + Hauser Executive Board - Yokogawa signs strategic partnership and equity agreement with AlgaEnergy - NEFTEGAZ in Moscow provides...

View all digital editions


ChemTech World Expo 2019

Feb 20 2019 Mumbai, India

WaterEx World Expo 2019

Feb 20 2019 Mumbai, India

Refining & PetroChemicals 2019

Feb 20 2019 Mumbai, India

EUEC 2019

Feb 25 2019 San Diego, CA, USA

International Petroleum Week

Feb 26 2019 London, UK

View all events