US imports of oil could be eliminated by 2030, a new study by an interstate consortium asserts, if the nation turns to an aggressive program of energy efficiency and commercialization of four already-demonstrated technologies for making transportation fuels.
The study, sponsored by a nonprofit group of legislators and governors called the Southern States Energy Board, urges a crash program to meet fuel needs without imports, a strategy it says will lead to an American "industrial rebirth." It says that such a strategy could create more than 1 million new jobs, reduce the trade deficit by more than US$600 billion, and end oil price shocks that hurt the economy.
Roger Bezdek, an author of the report to be released tomorrow, said that the volatility in fuel prices is driven by the narrow dependence on a limited number of big oil-producing countries as practically the sole source of energy for transportation.
"Right now," he said, "if a couple of oil workers get kidnapped in Nigeria, the price goes up US$5 a barrel."
But for the strategy to work, the study said, an expansive investment of private funds would be required, with encouragement from "appropriate fiscal, regulatory, and institutional support mechanisms" for 20 years.
The study also suggested that the current push to produce ethanol from corn as a fuel supplement is largely a misdirection.
The four technologies for producing the fuels are profitable when the price of the oil they replace is US$35 to US$55 a barrel, the study said.
Three are closely related to one another. The one with the biggest potential -- estimated to displace 29 percent of imported oil -- is making liquid fuels from coal using the Fischer-Tropsch method.
A second is to take CO2 created in both this process and other combustion processes and use it to put pressure on old oil fields to push more oil to the surface, a technique called enhanced oil recovery.
A third is to use organic material, including wood and crop wastes, as feedstock for factories that make a fuel gas consisting of carbon monoxide and hydrogen. That so-called synthesis gas is the same as that made from coal in the Fischer-Tropsch method and it can then be turned into a liquid.
The fourth is production of oil from shale, a technique tried after the oil shock of 1979, but abandoned when prices fell.
An energy expert not connected to the study, Jason Grumet, executive director of the National Commission on Energy Policy, said that the goal of saving or displacing the amount of oil contemplated in the study was probably possible over the time period, although he said the challenge was "herculean."
But Grumet, the executive director of the National Energy Commission -- a private group that produced a study on electricity, transportation fuel, climate change and security -- warned that such a program still would not eliminate oil imports, because oil from abroad would be less expensive than oil from domestic sources.
Every barrel saved or replaced would still be a big benefit to security and the economy, he said.
To some extent, the study is a platform for the states to call for a national push to use the resources found within their own borders. Several of the member states have significant coal mining operations and old oil fields that could be brought back into production with carbon dioxide flooding. And all produce organic material that could be used. But the raw materials for this approach are also present in much of the rest of the US.
While the study does not put much support behind using corn to make ethanol, it does anticipate the production of ethanol from cellulose -- the woody part of plants -- in a process that has been demonstrated but not made commercially effective.
ROLLER-COASTER RIDE: More than five earthquakes ranging from magnitude 4.4 to 5.5 on the Richter scale shook eastern Taiwan in rapid succession yesterday afternoon Back-to-back weather fronts are forecast to hit Taiwan this week, resulting in rain across the nation in the coming days, the Central Weather Administration said yesterday, as it also warned residents in mountainous regions to be wary of landslides and rockfalls. As the first front approached, sporadic rainfall began in central and northern parts of Taiwan yesterday, the agency said, adding that rain is forecast to intensify in those regions today, while brief showers would also affect other parts of the nation. A second weather system is forecast to arrive on Thursday, bringing additional rain to the whole nation until Sunday, it
LANDSLIDES POSSIBLE: The agency advised the public to avoid visiting mountainous regions due to more expected aftershocks and rainfall from a series of weather fronts A series of earthquakes over the past few days were likely aftershocks of the April 3 earthquake in Hualien County, with further aftershocks to be expected for up to a year, the Central Weather Administration (CWA) said yesterday. Based on the nation’s experience after the quake on Sept. 21, 1999, more aftershocks are possible over the next six months to a year, the agency said. A total of 103 earthquakes of magnitude 4 on the local magnitude scale or higher hit Hualien County from 5:08pm on Monday to 10:27am yesterday, with 27 of them exceeding magnitude 5. They included two, of magnitude
CONDITIONAL: The PRC imposes secret requirements that the funding it provides cannot be spent in states with diplomatic relations with Taiwan, Emma Reilly said China has been bribing UN officials to obtain “special benefits” and to block funding from countries that have diplomatic ties with Taiwan, a former UN employee told the British House of Commons on Tuesday. At a House of Commons Foreign Affairs Committee hearing into “international relations within the multilateral system,” former Office of the UN High Commissioner for Human Rights (OHCHR) employee Emma Reilly said in a written statement that “Beijing paid bribes to the two successive Presidents of the [UN] General Assembly” during the two-year negotiation of the Sustainable Development Goals. Another way China exercises influence within the UN Secretariat is
Taiwan’s first drag queen to compete on the internationally acclaimed RuPaul’s Drag Race, Nymphia Wind (妮妃雅), was on Friday crowned the “Next Drag Superstar.” Dressed in a sparkling banana dress, Nymphia Wind swept onto the stage for the final, and stole the show. “Taiwan this is for you,” she said right after show host RuPaul announced her as the winner. “To those who feel like they don’t belong, just remember to live fearlessly and to live their truth,” she said on stage. One of the frontrunners for the past 15 episodes, the 28-year-old breezed through to the final after weeks of showcasing her unique