International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

Global Energy Trends: Development Challenges and Opportunities for the United States
Nikolaos Karagiannis, Joel F. Kincaid, Edward Zajicek, Thomas Wilhoit

The intent of this paper is to examine current global energy trends and long term projections of energy utilization within developed and emerging economies. Implications of regional trade imbalances are considered as North America becomes increasingly energy self-sufficient largely due to unconventional sources of oil and natural gas in Canada and the United States. Attention is given to ongoing developments in environmental policy which focus on the potential impact to global energy consumption. Finally, it is argued that special emphasis needs to be placed on alternative energy as a strategic economic engine, among selected others, if local production growth, industrial competency upgrading, and overall competitiveness improvement are to be aggressively pursued in the United States.

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