Oops! We’ve been Drilling in the Wrong Place!

Creating energy conservation in existing buildings is our vast untapped reservoir. It is also a way out of our unemployment stagnation. Buildings ten years or more in age can achieve 30 percent or more in annual energy savings through energy retrofits. A building energy retrofit is a renovation specifically targeted to reduce energy consumption, usually to a percentage goal that justifies the investment. A BTU6 comparison of the potential retrofit energy savings to the energy production from U.S. GOM oil is revealing. The potential of annual building retrofit energy savings equals over 2.75 times the total annual energy from oil produced from the U.S. GOM.