Posted on 05/05/2022 4:34:14 PM PDT by dynachrome
As evidence of Russian atrocities in Ukraine mounts, the U.S. is once again grappling with our dependence on foreign oil. Although we produce more than we consume, we imported about 670,000 barrels per day from Russia last year — more than we imported from Saudi Arabia. At recent prices of $100 per barrel, that’s nearly $25 billion that fed Russian President Vladimir Putin’s war machine. The U.S. ban on Russian oil helps, but is small compared to total Russian exports.
So, how can we cut oil consumption and energy costs? President Biden wants electric vehicles (EVs) to comprise half of all new car sales by 2030 and proposed higher incentives to do so. But selling more EVs does little to reduce the existing fleet of internal combustion engine light-duty vehicles (cars, SUVs and pickup trucks). Think of the existing combustion vehicle fleet as a huge bathtub. The tub is filled by sales of new combustion vehicles and drained when old ones are scrapped. The flow of new combustion vehicles into the tub falls when people choose EVs. But the 250 million combustion vehicles in the tub today would continue to run, propping up oil demand and prices, funding war — and fueling climate change, since they generate nearly 17 percent of U.S. greenhouse gas emissions. And those vehicles last a long time: even if EVs suddenly became 100 percent of new vehicle sales from today on it would be about 20 years before the fleet of all light duty vehicles on the road became 90 percent electric. The best way to empty a tub is to open the drain. Policies that accelerate vehicle retirement can do so.
(Excerpt) Read more at thehill.com ...
Gene pool needs cleaning again. Idiocracy is rampant.
Oh no, not this again!
BARF and double BARF
Get rid of your old paid off car that gets 15 mpg so you can
get a 50,000 Dollar electric Car that you’ll have a payment on, and Pay inflated Electricity prices on.
That’s the ticket.
Only if we WW3 this sucker and manage to send the dregs to go fight, not the best of the best like we usually do.
lol
America's race to the very bottom of Civilization.
Idiotic idea. You can’t even find new cars right now.
Wait’ll you see the used car prices.
Many false premises.
Let’s sell cars they can’t build (no chips) and scrap cars worth more than they were last year.
Brilliant!
Sure we can all run out and buy a new car. Whoops, not available as no chips to build them.
Do these idiots actually believe themselves?
good grief! dont bring that clunker back
have they done “bread for toasters” yet?
first get everyone into battery powered cars
next go all wind solar
your utility bill will be more than your mortgage
Another failed Obama program makes me think that Obama is indeed the one pulling Biden strings
We’ve done this before.
And studies showed it merely just moved up car purchases that would have occurred anyway up by several months. It was a waste of money - adding to the debt, dragging down the economy in the long run for years to come.
Or we could produce enough oil domestically to fuel all of our ‘combustion vehicles’ pretty much forever.
“Although we produce more than we consume...”
Really?
Where’s the evidence?
Aide: “We’ve got this problem...”
Government official: “Spend money! Spend lots of money!”
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.