Wednesday, May 4, 2016

Savings

An average American family has been saving over $740 per year on energy since 2008 according to the Energy Information Association (EIA). 

Saving energy dollars makes almost everything cost a bit less, so the benefit is spread throughout society. But the poor spend a higher percentage of their income on energy, so they are the most impacted and helped.

Why are people saving money on energy in America? There's a much bigger supply of natural gas and crude oil on the market - and that means lower prices (remember "supply and demand" from high school). 

For the first time in 18 years, America is poised to produce more of our own oil than we buy from other nations. And today, we produce more natural gas than anybody else. So we're producing energy. And these advances have grown our economy, they've created new jobs, they can't be shipped overseas -- and, by the way, they've also helped drive our carbon pollution to its lowest levels in nearly 20 years. Since 2006, no country on Earth has reduced its total carbon pollution by as much as the United States of America.” –President Obama
(cont'd tomorrow)

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