Sunday, October 03, 2004

Do It Without Oil

Eliminating oil use can be accomplished within a few decades, according to a new plan released by the Rocky Mountain Institute (RMI). Through modern technologies and intelligent strategies, American businesses can gain a competitive edge and increase profits without the need for additional federal regulations or higher taxes. Partially funded by the Pentagon, Winning the Oil Endgame: Innovation for Profits, Jobs, and Security provides guidelines for achieving greater energy efficiency and substituting biofuels and natural gas for oil-intensive operations. RMI co-founder Amory Lovins sums up the findings of the study, "Because saving and substituting oil costs less than buying it, our study finds a net savings of $70 billion a year. That acts like a giant tax cut for the nation. It simply makes sense and makes money for all."