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How the U.S. exports global warming

Posted on 04 February 2014

While Obama talks of putting America on the path to a clean, green future, we’re flooding world markets with cheap, high carbon fuels. The greening of American energy is both real and profound. Since President Obama took office, the nation’s solar capacity has increased more than tenfold. Wind power has more than doubled, to 60,000 megawatts – enough to power nearly 20 million homes.
Thanks to aggressive new fuel-efficiency standards, the nation’s drivers are burning nearly 5 billion fewer gallons of gasoline a year than in 2008. The boom in cheap natural gas, meanwhile, has disrupted the coal industry. Coal-power generation, though still the nation’s top source of electricity, is off nearly 20 percent since 2008………………………………………..Full Article: Source

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VRS - who has written 34604 posts on Opalesque Commodities Briefing.


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