Energy Facts

• The U.S. spends over $1,205 trillion dollars annually on energy.
• The U.S. used 22% of the total world petroleum consumption in 2012.
• Energy demand is projected to rise by over 30% by 2020, much faster than the projected increase in domestic energy production.
• The shortfall between energy demand and domestic production is projected to increase nearly 50% by 2020.
  
  

In the News

NEI Welcomes Suspension of $750 Million Nuclear Waste Fee
May 15, 2014
The Department of Energy this week notified holders of used nuclear fuel meant to be disposed of by the government that as of May 16 it would no longer collect the one-tenth-of-a-cent fee per kilowatt-hour of nuclear-generated electricity established under the Nuclear Waste Policy Act of 1982. The action was ordered by a federal court in light of DOE's termination of the Yucca Mountain repository program. The court decision prohibits future collection of the fee until DOE complies with the Nuclear Waste Policy Act or Congress enacts an alternative used fuel management plan.

Energy Research at Missouri University of Science and Technology
May 2014
As Missouri’s premier technological research university, Missouri University of Science and Technology (Missouri S&T), is focused on performing cutting edge research and preparing today’s students to become tomorrow’s leaders. Fiscal Year 2013 proved to be a strong year for research at Missouri S&T with a total of 265 research proposals awarded at a dollar value of $51.5M.