A strategy to slash the use of oil in the US, reduce pollution and greenhouse gases, and save trillions of dollars to turbocharge the transition to clean energy.
Why The ‘Rapid Substitution’ Of Fossil Fuels For Renewables Will Crash Oil And Save Consumers Money.
In 1978, the implementation of the Federal CAFE standards contributed to a sharp decline in oil demand that resulted in much lower oil prices for almost a decade.
In 2008, when wallets got tight, people stayed home, causing the demand for oil to crash – and with it the price.
In 2020, the COVID-19 Pandemic rapidly destroyed demand for oil – and caused oil prices to plummet.
If half of the 194 million cars in the United States were replaced with equivalent zero emission vehicles, how much oil and money would be saved? How about if delivery trucks, tractor-trailers, or buses were replaced?
You can use the Rapid Substitution calculator to create substitution scenarios that accelerate the energy transition away from fossil fuels!
Consider the following example scenario:
Gokul Krishnan, Jeffrey Yin, Madhumithaa Vellingiri, Akash Prasad Reducing oil consumption is a prime objective of Rapid Substitution. According to the US Energy Information Administration,
Katherine Jordan – Blog post for Skibo Energy Large-scale electrification of vehicles, including passenger vehicles like sedans and SUVs as well as larger vehicles, such as