Energy Economy – Fossil Fuels_

1. America is at an energy crossroad. As a nation, we are dependent on fossil fuels at a time of growing demand and dwindling supply. Meanwhile, fossil fuel use continues to impose massive environmental and economic costs. Now the country must choose between paying to continue the status quo or investing in a new energy future.

2. The costs of continuing on our current energy path are steep. American consumers and businesses already spend roughly $700 billion to $1 trillion each year on coal, oil and natural gas, and suffer the incalculable costs of pollution from fossil fuels through damage to our health and environment.

3. If America continues along a business-as-usual energy path, U.S. fossil fuel spending is likely to grow, totaling an estimated $23 trillion between 2010 and 2030.

4. The world is overly reliant on fossil fuels such as coal, natural gas and oil.

5. For every dollar that an American household spends each year, about 10 cents is likely to go toward the purchase of energy, with most of that money spent on fossil fuels.

6. Fossil fuel production and use damage our environment and our health – inflicting even greater damage on the American economy and our quality of life.

7. Fossil fuel combustion is the leading contributor to global warming, which, in addition to being a looming environmental and human catastrophe, could inflict massive economic damage as well.

8. Sea level rise and an increase in the severity of storms could put key cities such as New York, Miami and New Orleans at greater risk of costly storm damage.

9. Global warming is forecast to inflict a variety of other costs, including declining rainfalls and rising temperatures that will combine to cause large and extended drought conditions in regions like the Southwest, and impacts on public health due to heat-related illnesses, greater formation of ozone smog, and increases in vector-borne disease.

View detailed content – Energy Economy, Fossils