RENEWABLE ENERGY EXPERIENCES EXPLOSIVE GROWTH DURING FIRST THREE YEARS OF OBAMA ADMINISTRATION

Source: U.S. Energy Information Administration (EIA)
04/03/12, 12:00 PM | Solar Power

According to the most recent issue of the "Monthly Energy Review" by the U.S. Energy Information Administration (EIA), with data through December 31, 2011, renewable energy sources expanded rapidly during the first three years of the Obama Administration while substantially outpacing the growth rates of fossil fuels and nuclear power.

Between January 1, 2009 and December 31, 2011, renewable energy sources (i.e., biofuels, biomass, geothermal, solar, water, wind) grew by 27.12%. By comparison, during the same three-year period, total domestic energy production increased by just 6.72% with natural gas and crude oil production growing by 13.66% and 14.27% respectively. Moreover, during the same period, nuclear power declined by 1.99% and coal dropped by 7.16%.

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