Energy Industry
Alternative energy is seeing an unprecedented upsurge and efforts are afoot to expand the current share of alternative energy in the global energy matrix. However, this will only very marginally impact the current reliance on fossil fuels. Growth markets are already on course to increasing coal production in anticipation of emerging energy needs. The mining industry, on the other hand, is grappling with the sliding prices of metals such as gold, silver, coal, and copper. In recent years, investors have stayed away from the mining industry and this will remain unchanged till an upswing in the market occurs.
In particular, the energy industry comprises:
- The petroleum industry, including oil companies, petroleum refiners, fuel transport and end user sales at gas stations.
- The Coal industry
- The gas industry, including natural gas extraction, and cola gas manufacture, as well as distribution and sales.
- The electrical power industry, including electricity generation, electric power distribution and sales
- The renewable energy industry, comprising alternative energy and sustainable energy companies, including those involved in hydroelectric power, wind power, and solar power generation, and the manufacture, distribution, and sale of alternative fuels
- The united stated is a leader in production and supply of energy and is one of the worlds largest energy consumers. The energy industry is the third largest industry in United states. U.S energy companies produce oil, natural gas, coal, nuclear power, renewable energy and fuels, as well as electricity, smart grid and demand response technologies.
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