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Lovins 31 (0:51)
Topic(s): Auto Industry / Efficiency / Future Transport
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Suppose we invested 180 billion dollars, which is what we pay on in oil every six months to retool the car, truck and plane industries, and built a modern biofuel industry. And suppose that the oil that this displaced in 2025 were priced at only 26 bucks a barrel—you know, half what it is today. In that case, by 2025, our 180 billion dollar investment could be saving 150 billion-odd dollars a year gross, seventy billion dollars a year net; that's a really handsome financial return. We would eliminate as a free by-product a quarter of our CO2 emissions. We'd get a million new jobs, three-quarters of them in rural and small-town America and we would get to save a million jobs now at risk, mainly in auto making.