OilPricedotcom: "Tidal Energy Could Cover 57% of US Electricity Demand, NREL Study Finds." Tapping into the country’s tidal energy potential could be a major game changer for homegrown energy security in America. "While the US + Canada boast the highest surveyed levels of wave energy potential, the technology could provide a significant amount of the world’s energy needs if fully exploited." A new report from Ocean Energy Europe concluded that ocean energy has the potential to supply 21% of the European Union’s current energy consumption + a whopping 13% of global electricity demand. Europe is currently leading in terms of spending on tidal energy research and development, but the United States is quickly catching up thanks to ‘substantial’ funding programs from the Department of Energy.