Going Forward U.S. Energy Scenario

Globally, there is no doubt that the energy sector plays both a vital and critical role for any national economy. This includes conventional, alternate and renewable sources which in turn serve as raw materials for final consumable forms (i.e.) electricity, fuels etc. Every source and form of energy has its own inherent role to play in the "energy mix" as no single fuel can be the "silver bullet" solution but an inclusive approach must be adopted by all stakeholders.

Sound principles of a viable and balanced approach to sustainability also apply the energy sector with respect to the 3P's; Planet-People-Profits. Sustainable energy projects are the key to ensuring "common good" of all stakeholders is duly served and protected.

As the U.S. looks ahead, the above essential principles also apply. Among the various forms of energy, unbiased emphasis must be placed on energy security and energy independence. Domestic fuels including natural gas and alternate / renewable sources play an important role in this regard and serve as a "bridge" as the U.S. transitions to a cleaner energy economy.

Whether it is manufacturing, services, various other sectors as well as individuals comprising wholesale and retail energy demand, it really comes down to market & economic fundamentals, business fundamentals, and business-revenue models.

In addition, there must be focus on "all of the above" solutions supported by a comprehensive energy policy which is all encompassing regulatory framework which also addresses fiscal and financial aspects. Last such attempt was made in early 1990's with passage of the U.S. Energy Policy Act of 1992.

As the global economy looks ahead, energy will continue to play a definitive role in the future of developed, emerging and developing countries. End-of-the-day, beyond politics, good policy will always make good sense and, in this regard, bipartisan efforts are the key driver to ensuring "common good".