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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Peter V who wrote (120286)5/2/2008 1:00:53 PM
From: John KoligmanRead Replies (1) of 306849
 
I was thinking the same thing after reading the piece but I don't know, I'll have to see if I can dig anything up. I did find the last few paragraphs quite revealing, if even remotely possible over the longer term it's the kind of thing that can really put a dent in oil consumption and pricing here.

Regards,
John

The plug-in car's potential to slash fuel use is dramatic. The Pacific Northwest National Laboratory found that existing U.S. power plants could meet the electricity needs of 73% of the nation's light vehicles if the vehicles were replaced by plug-ins that recharged at night. Such a huge shift could cut oil consumption by 6.2 million barrels a day, eliminating 52% of current imports.

Another study, by the Electric Power Research Institute and the Natural Resources Defense Council, concluded that electricity consumption would rise only about 8% if 60% of light vehicles in the U.S. were replaced by plug-in vehicles by 2050. That would also cut U.S. carbon-dioxide emissions by 450 million metric tons annually, equivalent to scrapping 82 million cars.

Carbon-dioxide emissions would probably fall even if coal-fired plants made the electricity, some studies have found, because they burn coal more efficiently than automobiles burn gasoline. What we're learning, says Ed Kjaer, director of electric transportation at Southern California Edison, is that "the grid is a mighty powerful tool."
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