Prudence requires that this century�s Global Warming & End of Cheap Oil (Nat. Geographic, June 2004) Crisis, must be taken seriously. Nuclear is the only clean energy with the massive potential needed to supplant a large portion of fossil fuel consumption.
Every 100 new, one-gig nuclear plants (anywhere) will provide the same benefits that America�s 100-plant fleet provides to our nation right now. (see www.eia.doe.gov).
Energy = to 8% of America�s total energy, or four million barrels of oil per day (4MBPD).
4MBPD is = to one-fifth of 20MBPD of oil, that we consume.
4MBPD is = to one-half of 8MBPD of oil that we get from our aging oil fields.
4MBPD is = to one third of 12MBPD of oil that we import.
4MBPD is = to 1.5 billion barrels of oil that we do not have to import each year (1.5BBPY)..
1.5BBPY would cost $90B each year for $60 oil.
1.5BBPY would cost $150B each year if oil increases to $100 (my guess, in less than 10 years).
1.5BBPY would cost about $0.3T per year if oil increases to $200 (20 years ?).
NOTE: Importing $100B of oil means exporting $100B of cold cash, out of our economy, and into foreign economies; not to oil companies.
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