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Gold/Mining/Energy : Alternate Energy Progress

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To: donpat who wrote (10)	8/19/2013 2:19:09 PM
From: Steady_on	Read Replies (1) of 14

The continued progress in fuel cell design and cost reduction is most welcome. According to U.S. Energy Information Administration: Today, oil meets 36 percent of US energy demand , with 70 percent directed to fuels used in transportation – gasoline, diesel and jet fuel. Another 24 percent is used in industry and manufacturing, 5 percent is used in the commercial and residential sectors, and less than 1 percent is used to generate electricity. [ii] Petroleum is the main mover of our nation’s commerce and its use for transportation has made our world more intimate. It is the transportation fuel, as almost all of our nation’s transportation is dependent upon its concentrated liquid form. This means that as soon as fuel cell technology reaches parity with combustion engines in capital costs and operational costs the total amount of crude used in transportation can be cut by 50% or more due the increased efficiency of electric motors in turning energy into motion. Most people don't realize the impact that is going to have on the world.

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