Now Available: BP Oil Spill Tragedy - What Lies in Store for the Renewable Energy Industry?

PRLog (Press Release) - Jul. 23, 2010 - The BP Oil Spill has intensified the concerns of the US energy sector about their dependence on crude oil. As crude oil and natural gas accounts for approximately 50% of the US energy market, and the Gulf of Mexico offshore accounts for approximately 30% of the total US crude oil production and 13% of the total US natural gas production, the Gulf of Mexico tragedy has caused the government to rethink alternative sources of energy to bridge the demand-supply gap. Thus, US energy market is expected to increase its investments in its renewable energy market in order to switch to cleaner fuels. However, in the short-medium term, there may be an increased focus on natural gas.

Scope

* BP Oil Spill Statistics
* Reasons for the delay in the US offshore drilling plans
* Positive impact on the renewables market
* The US increased dependence on fossil fuels in the short-term

Reasons to buy

* Identify key growth and type of investment opportunities in the renewable energy sector
* Position yourself to gain the maximum advantage of the industry's growth potential by developing strategies
* Facilitate decision-making based on upcoming market developments in the renewable energy sector

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Report Table of Contents:

1 Table of Contents 1
1.1 List of Tables 1
1.2 List  of Figures 1
2 Summary 1
3 BP Oil Spill Tragedy - What Lies in Store for the Renewable Energy Industry? 1
3.1 BP Oil Spill Tragedy 1
3.2 The BP Oil Spill Clouds the US Offshore Drilling Plans 1
3.3 Positive Impact on the US Renewables Market 2
3.3.1 The Major Government Support Programmes in the US Renewable Market 3
3.4 The Impetus may not come Immediately 4
3.4.1 Reliance on Conventional Fuels to Bridge Energy Demand-Supply Gap 4
3.4.2 Speculation about BP Oil Spill to be one of the Reasons for the Delay in the Climate Bill 5
4 Appendix 5
4.1 Methodology 5
4.1.1 Coverage 5
4.1.2 Secondary Research 6
4.1.3 Primary Research 6
4.1.4 Expert Panel Validation 6
4.2 Contact Us 6
4.3 Disclaimer 6

1.1 List of Tables
Table 1: BP Oil Spill Statistics, June 2010 1
Table 2:The US, Crude Oil Production 1000 Barrels Per Day, 2000-2009 2
Table 3: The US, Cumulative Installed Capacity of Major Renewable Sources of Energy, MW, 2005 - 2020 3
Table 4: The US Energy Sector Split by Fuel Type, 2009 4
Table 5: The US, Crude Oil Production and Imports 1000 Barrels Per Day, 2000-2015 4

1.2 List of Figures
Figure 1: The US, Crude Oil Production, 1000 Barrels Per Day, 2000-2009 2
Figure 2: The US, Cumulative Installed Capacity of Major Renewable Sources of Energy, MW, 2005 - 2020 2
Figure 3: The US Energy Sector, Split by Fuel Type (%), 2009 4
Figure 4: The US, Crude Oil Production and Imports, 1000 Barrels Per Day, 2000-2015 4
Figure 5: GlobalData Methodology 5

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.