Renewables Exceed Fracked Oil as Energy Resource

6.2 million barrels

The equivalent energy in barrels that leading renewable-energy technologies will add daily to the global energy mix, exceeding the 5.7 million barrels a day pumped from U.S. shale oil wells since 2010, according to Goldman Sachs Group Inc. Bloomberg: “New wind turbines and solar panels worldwide will provide more energy over the next five years than U.S. shale-oil production has over the past five.” … “’Wind and solar are on track to exceed 100 gigawatts in new installations for the first time,’ the analysts wrote. Solar and wind energy are saving a gigaton of carbon dioxide emissions annually and the market for four leading low-carbon technologies is now worth more than $600 billion per year.”


Solar Energy Output Predicted to Double This Year

7.4 million megawatt-hours

Amount of electricity from solar energy the U.S. Energy Information Administration said was generated through June, enough to power about 685,000 homes per year, reports the Washington Examiner. “Aided by a mishmash of federal and state incentives, coupled with plummeting solar panel prices, installations are increasing all over the country — generation this year is more than double the 3.5 million megawatt-hours over the same period last year.”