The U.S. energy sector is undergoing a profound transformation. The United States is producing more oil and natural gas, is generating more electricity from renewables such as wind and solar, and is consuming less petroleum while holding electricity consumption constant. As detailed in today’s report from the Council of Economic Advisers, these developments have had substantial economic and energy security benefits, and they are helping to reduce carbon emissions in the energy sector and thereby tackle the challenge posed by climate change. These trends have been supported and advanced by President Obama’s All-of-the-Above energy strategy.
The President’s All-of-the-Above energy strategy has three key goals:
- To support economic growth and job creation
- To enhance energy security
- To deploy low-carbon energy technologies and lay the foundation for a clean energy future
The report does mention geothermal energy as part of the strategy recognizing that "electricity production from geothermal power grew from 2008 to 2013, and the Department of Energy funds research in a number of areas, including enhanced geothermal systems, that hold promise for developing these resources in the future".
