05 Mar '12, 2am

Amory Lovins lays out his clean energy plan

I think there is a bright future for what we now think of as the oil industry in the new energy era, using its formidable capabilities and assets, but in different ways. A lot of refineries will turn into biorefineries; a lot of drilling will go to geothermal, possibly carbon sequestration and other pursuits. The fuel logistics will diversify into hydrogen — which of course is mainly a business of the oil industry right now and it’s a very big business — and into electricity and biofuels. Shell is already the world’s biggest distributor of biofuels. The average cost of getting our U.S. transport system off oil is about $18 a barrel for the efficiency and electrification part, or if you include the biofuels to run the trucks and airplanes to the extent they’re not on hydrogen, it might be at most about $25 a barrel. So I don’t much care what the world oil price is, this is ...

Full article: http://www.energybulletin.net/stories/2012-03-05/amory-lo...

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