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Texas Resources Are Outstanding in the Field



Get the Big Picture:

  1. Texas — An Energy Leader
  2. Texas Now Imports Energy
  3. Texas Energy Use — Today and Tomorrow
  4. Our Future Depends on New Energy
  5. Texas — A Potential Giant
  6. Make a Commitment
  7. References

Our Future Depends on New Energy

Domestic oil and gas supplies are shrinking. If forced to rely solely on domestic oil production for all of its needs, the U.S. would be completely out of oil within 23 years. America now imports half of the oil it needs. Over the next 15 years, that figure could rise to 70 percent.

TABLE 2: U.S. Remaining Energy Supply
Total technically recoverable resources;
years remaining at 1994 consumption rates
Crude Oil 23 years left
Natural Gas 68 years left
Uranium 364 years left
Coal 7,007 years left
Renewable not depletable

For energy security and long-term economic growth, we must look beyond fossil fuels. Renewable energy offers a cost competitive option in an expanding range of applications, especially in rural areas.

Over the past decade, solar, biomass and wind power costs have fallen dramatically and are now becoming competitive with fossil fuels.

 

 


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