Price vs. Cost of Energy Conservation and Efficiency
Our lack of coherent energy policy reflects both the price and cost jeopardizing both our national security and future prosperity. Unfortunately energy efficiency has failed to be realized as a national priority. Presently energy inefficiency has a huge hidden price and cost. How we can better generated and consume energy must be adequately addressed. U.S. energy demand consists of 85% fossil fuels or about 50 million barrels of oil consumed each day in America. As we past $100 per barrel for crude and this price shortly could easily double. Energy imports of oil account for 20% of our total U.S. energy requirements. However the cost for this is a huge burden not just on our balance of payments and on our environment. Approximately, 61%of energy produced is lost due to factors such as poor insulation, inefficient gas guzzling vehicles and other reasons according to a 2007 National Petroleum Council report to the Department of Energy. This translates to an overall efficiency of 1