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assembly. Despite the low energy intensity, the percentage of overall energy used in low-intensity industry processes is still estimated at 25% of industry total, or 8%of total U.S. energy usage because
of the sheer number of domestic plants in this category 2.
High industrial energy costs lead directly to focusing on energy efficiency. Since the mid 1990's, oil
prices have been highly positively correlated with interest in energy efficiency, as shown by Figure 12. Although the U.S. government projects that oil prices to industrial customers are only expected
to rise 1.7% in inflation adjusted dollars between 2009 and 2035, and electricity prices are actually
expected to modestly decline, recent events in the Middle East have underscored the high level of
short-term volatility in energy prices. High energy prices are reflected in the results of a survey
of over 230 energy management executives who were asked for reasons why their companies were
attempting to better manage their energy demand. The top driver, cited by 80...
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- Spring '14
- Energy Policy, ........., Energy development