A: 'GUST' is an acronym that stands for a series of four recent tax laws that also made changes to how retirement plans are operated. âEGTRRAâ is the acronym for the tax law enacted in 2001.
Of the renewable energy sources used to generate electricity in the United States, hydropower makes the biggest contribution. Water used to spin a turbine is a cheap, non-polluting domestic source of energy. But hydropower brings with it other environmental impacts to consider. More about hydroelectric.
Oil is Americaâs largest source of energy, accounting for forty percent of Americaâs energy consumption. According to Energy Information Administration data, the U.S. produces about forty percent of the oil it uses. An overwhelming proportion of U.S. crude oil is refined in one of four states: Texas (twenty-two percent), Louisiana (twenty percent), Alaska (twenty percent), and California (eighteen percent).