Indiana sends 75% of its of its energy money out of the state to pay for imported coal, natural gas and oil products. And, the state’s energy use is rising: Indiana’s petroleum consumption climbed to 1.8 million gallons per day – up over 300,000 gallons from 1999.
Not only are Indiana consumers dependent on outside sources of energy, they also are held hostage to fluctuations in energy prices caused by forces well beyond their control – not only factors outside the state but even international supply and demand issues. Importing energy and exporting money has a negative net impact on the state’s economy, one which could be alleviated through greater investment in sources of energy that would keep that money – and the jobs it creates – right here in the Hoosier state.
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