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Conclusion: The Case for Alternative Energy Technology Hydrocarbons may have once been abundant and affordable, but are now recognized to have significant economic, geopolitical and environmental costs for the United States. U.S. dependence on depletable hydrocarbons is not sustainable indefinitely and, when combined with expectations of higher prices in the future, requires that the United States develop new energy technologies. Greenhouse gas emissions from hydrocarbons also threaten the United States with significant long-term costs, since mitigating and adapting to the negative effects of climate change will be extremely expensive. The present and future costs of hydrocarbon dependence provide a strong incentive to transform the national energy economy as soon as possible. Moving to a diverse mixture of alternative energy generation and distribution technologies will save the United States trillions of dollars in the long run by reducing both the economic and geopolitical costs of hydrocarbon dependence and the significant future costs associated with climate change. Summary • The United States requires large amounts of energy to sustain itself and lacks the ability to satisfy its own energy needs. Despite being endowed with an abundant and diverse energy supply, the United States is completely dependent on hydrocarbons to meet its demand for energy. • Although future demand for energy will depend on economic growth, total demand for energy will continue to increase into the future. Population growth is expected to increase the demand for energy across all sectors of use, despite expected gains in energy efficiency. • The balance of sources of energy supply and the division of energy consumption across sectors is not expected to dramatically change in the future. The United States is projected to still be dependent on hydrocarbons in 20 years. • Energy is a fundamental input to all economic activity. The prosperity of the U.S. economy is dependent on the adequacy, affordability, and reliability of its energy supply. • Hydrocarbons are finite resources that will eventually be depleted if used continuously. There are significant concerns over the adequacy and reliability of future supplies of hydrocarbons. The prices of all hydrocarbon energy sources are expected to increase in the long-term future. • Dependence on hydrocarbons is sustained by costly imports of petroleum and natural gas. This produces a trade imbalance, in which energy imports exceed energy exports, that drains the US economy. • Continued dependence on hydrocarbons threatens to compromise the strength of the U.S. military and presents the United States with several geo-strategic risks. 20PDF Image | Shaping Energy Technology Transition
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