The back-to-back-to-back storms that plowed through the southwest and Caribbean have left millions without power and a long road to recovery. With massive power outages in the wake of these storms, there is an increasing demand for a more secure energy grid.
About 85 percent of American voters believe that the country should diversity of its energy grid to minimize potential impact of natural disasters such as hurricanes, according to a National Mining Association poll conducted this past September.
Energy experts recommend a diversified mix of different fuels – such as coal, natural gas, nuclear and renewables – to address supply challenges after such disasters, according to a recent press release from the National Mining Association. A diverse energy market will decrease power grid disruptions if any single fuel source has diminished availability.
“With millions of Americans in the dark from Texas to Florida, the U.S. government and the American people acknowledge a need to do more to secure America’s energy grid,” says Hal Quinn, National Mining Association president and CEO. “One way to address potential supply challenges is to utilize a mix of different fuels, including coal, natural gas, nuclear power and renewables. Diversity in the energy market minimizes disruptions when any one fuel source is challenged. At the same time, we need to invest in our infrastructure and support the advanced technologies that make all energy sources as efficient as possible.”
Storms along with speculative trading and geopolitical events can upend the energy commodity markets. With advice from Good Energy, businesses can better understand the forces that affect these patterns.
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