TITLE

HOW TO KICK THE OIL HABIT

AUTHOR(S)
Varchaver, Nicholas; Lustgarten, Abrahm; Mero, Jenny
PUB. DATE
August 2004
SOURCE
Fortune;8/23/2004, Vol. 150 Issue 4, p100
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article presents four possible solutions to the worldwide oil crisis. Every day brings another culprit. On Aug. 5, 2004 it was word that crude exports from Russia's massive Yukos Oil might be in jeopardy, as authorities there said they were once again freezing the company's accounts. Just three days earlier it had been a different kind of news--al Qaeda's reported plans to attack U.S. financial institutions--that whipped oil prices into a frenzy. In a post-9/11, safety-obsessed world, U.S. energy security--making sure we have enough oil to run our economy--remains shockingly vulnerable. And that's why, as "Fortune" has taken stock of the myriad ideas and alternatives that can begin the process of freeing us from the grip of oil, we have applied a political as well as a technological reality check. The goal: a real-world plan that won't derail the economy and has a strong chance of political success--though some proposals will surely meet resistance. Our proposals target four key areas: (1) Create incentives to improve automobile fuel economy; (2) fund a real alternative-fuel program--particularly for a nontraditional form of ethanol--which could slash gasoline consumption dramatically within two decades; (3) tighten federal efficiency standards and encourage state efficiency programs, which could help cut as much as one-quarter of all electricity use without any sacrifice in quality of life; and finally, (4) encourage the 37 states that don't require utilities to use a minimum amount of wind and solar power to do so. INSETS: DUELING PROPOSITIONS;AND IN THE OIL PATCH....
ACCESSION #
14090044

 

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics