This outcome mainly reflects the continued decline in the amount of Coal used for electricity generation over the past decade as well as growth in Renewable Energy, mostly from Wind and Solar
Coal was once commonly used in the industrial, transportation, residential, and commercial sectors
About 90% of Coal consumption is used in the United States today is used to generate electricity in the electric power sector, and nearly all the rest is in the industrial sector
Historically Wood was the main source of U.S. energy until the mid-1800s and was the only commercial-scale Renewable source of energy in the United States until the first Hydropower plants began producing electricity in the 1880s
Coal was used in the early 1800s as fuel for steam-powered boats and trains and making steel, and it was later used to generate electricity in the 1880s
EIA’s earliest energy estimates began in 1635
In 2019 U.S. Coal consumption decreased for the sixth consecutive year to 11.3 Quadrillion BTU, the lowest level since 1964
Electricity generation from Coal has declined significantly over the past decade and in 2019 fell to its lowest level in 42 years
Natural Gas consumption in the electric power sector has significantly increased in recent years and has displaced much of the electricity generation from retired coal plants
Total Renewable Energy consumption in the United States grew for the fourth year in a row to a record-high 11.5 Quad BTU in 2019
Since 2015 the growth in U.S. Renewable Energy is almost entirely attributable to the use of Wind and Solar in the electric power sector
In 2019 electricity generation from Wind surpassed Hydro for the first time and is now the most-used source of Renewable Energy for electricity generation in the United States on an annual basis
Renewable Energy is more broadly consumed by every sector in the United States
About 56% of commercially delivered U.S. Renewable Energy is used in the electric power sector, mostly from Wind and Hydroelectric power
Various types are also consumed in the following sectors :
- industrial 22%
- transportation 12%
- residential 7%
- commercial 2%
Biomass includes Wood, biogenic waste, and biofuels and is consumed in every sector
Wood and the losses and co-products from production of biofuels are the main Renewable sources used in the industrial sector, and biofuels such as fuel ethanol, biodiesel, and renewable diesel are used in the transportation sector
Wood, Waste, Solar and Geothermal are among the most common Renewable sources used directly in the residential and commercial sectors
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3. Visualizing a Successful Outcome, they would have held a Competitive Duopoly with all the Advantages which that can be expected to bring
This combination of factors is leading to a broad-based failure of the Japanese Automobile Industry
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What can we learn from this ?
Now consider an alternative scenario where the Japanese Government had instead been inspired to get out ahead of BEV Supply Chain issues during the last two decades, and successfully solve for all of raw material and technology needs of BEVs
According to Colorado Public Radio, the state is considering a "Vehicle Exchange Colorado” program to give participants an instant $6,000 point of sale rebate on a new electric or plug-in hybrid vehicle cleantechnica.com/2023/05/31/col…
Or a $4,000 rebate for a used electric or plug-in hybrid vehicle
"It’s a really exciting new program,” said Carrie Atiyeh, senior program manager at the Colorado Energy Office
"This is something that is going to be new for the state"
To qualify, drivers would need to trade in a conventional car with an internal combustion engine that burns either gasoline or diesel
The vehicle needs to be a model year 2011 or older, or have failed a state vehicle emissions test
How can Apple AAPL shareholders expect to maintain the High P/E of a Growth company in a world where the Company's business has clearly become mature ?
Here is Apple's Press Release on their latest Quarterly Results
"The Company posted quarterly revenue of $94.8 billion, down -3% year over year, and quarterly earnings per diluted share of $1.52, unchanged year over year"
“We generated strong operating cash flow of $28.6 billion while returning over $23 billion… twitter.com/i/web/status/1…
“Given our confidence in Apple’s future and the value we see in our stock, our Board has authorized an additional $90 billion for share repurchases"
"We are also raising our quarterly dividend for the eleventh year in a row"
PepsiCo will enter at least one of its Tesla Semis in the Run On Less trucking industry event running for three weeks starting September 11, the company confirmed on Wednesday insideevs.com/news/665498/fi…
The event showcases advances in freight efficiency, and will provide the first independent performance data for Tesla's all-electric Class 8 semi-truck, according to Automotive News
"We're really excited to participate in the run and allow the industry to have access to the insights and the learnings that we are getting from experiencing these vehicles"