Huge New Business Opportunity at the Bottom of the Ocean

May 29, 2013

American Express Open Forum

Mike Periu

The U.S. is sitting on an underground ocean of energy--and the news is all good for small businesses.

We are massive energy users. Last year, the U.S. consumed 95.1 quadrillion BTUs of energy. A BTU, or British Thermal Unit, is the amount of energy needed to raise 1 pound of water by 1 degree or roughly the energy released when you strike a match. Those quadrillions of BTUs didn’t come cheap; consumers and businesses spent over $1.2 trillion on them.


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