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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (21031)	6/14/2006 6:30:38 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 541761

This addresses peak oil but, since many of the solutions are the same,... Follow-up to the Hirsch Report. Economic Impacts of Liquid Fuel Mitigation Options (PDF) Bezdek, Wendling and Hirsch; MISI and SAIC for The National Energy Technology Laboratory Our objective was to better elucidate the implications of the mitigation programs, e.g., the time required to save and produce significant quantities of liquid fuel, related costs, and economic, fiscal, and jobs impacts. We studied crash program implementation of all options simultaneously because the results provide an upper limit on what might be accomplished under the best of circumstances. No one knows if and when such a program might be undertaken, so our calculations were based on an unspecified starting date, designated as t0. This study builds on one completed by the authors in 2005 which addressed the issue of world oil peaking.2 The current study deals exclusively with physical mitigation options for the U.S. The options analyzed in both studies are consistent and are shown in Table EX-1. Our analysis showed that the mitigation options that we considered can contribute significantly to the saving and production of U.S. liquid fuels, although decades will be needed for significant impact (Figure EX-1) and related costs will be in the trillions of dollar range. The cumulative 20 year impacts of such a massive crash program would be: Savings and production of 44 billion barrels of liquid fuels Requirement for over $2.6 trillion of investment Over 10 million employment years of jobs created Total industry sales of over $3 trillion Over $125 billion of industry profits Over $500 billion in federal government tax revenues Nearly $300 billion in state and local government tax revenues Message 22511119