Imported Oil is a $300 Billion per Year Problem
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This number is based the figure given in the Fuel Economy Guide 2010 from the U.S. Environmental Protection Agency and U.S. Department of Energy. They state very clearly:
That is how much money is leaving our country to
pay for imported oil.
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The Plan

Reduce Oil Dependence Costs

Buying a more fuel-efficient vehicle can help reduce our dependence on foreign oil. More than half of the oil used to produce the gasoline you put in your tank is imported. The United States uses more than 20 million barrels of oil per day, two thirds of which is used for transportation. Petroleum imports cost us about $5.7 billion a week—that’s money that could be used to fuel our own economy.

Lets do some math with the oil use figures and what that means in terms of jobs and our personal finances.

 

Size of the US Fleet for 2008

Thousands of Units

Total (registered vehicles)

255,917

 

 

Passenger car

137,079

Motorcycle

7,752,

Other 2-axle 4-tire vehicle

101,234

Truck, single-unit 2-axle 6-tire or more

6,790

Truck, combination

2,215

 

Sales Volume for 2008

Total New Passenger Car Sales

6,813

Domestic

4,535

Imports

2,278

 

Sources: Table 1-11: Number of U.S. Aircraft, Vehicles, Vessels, and Other Conveyances,  Table 1-16: Retail New Passenger Car Sales

 

The Vision
Click here for an Example of the Emissions Benefits for 1000 Electric LUVs
$5.7 billion per week time 52 weeks come out just under $300 billion.

That money leaves our economy every year and that means that it is not keeping people at work. If people were able to make $50,000 a year from a reasonable job how does that math work?

300,000,000,000 dollars at 50,000 per job means that 6,000,000 jobs are leaving each year.
The time it will take to have the sale of new fuel efficient and alternative vehicles change this fleet to one that can use domestic energy sources is significant. There are close to seven million new passenger vehicles sold each year. With 137 million of these cars on the road here is how that math works:
Local Use Vehicles Can Help dig the US auto industry out of the hole they have created. Watch this location for a link to that discussion
LUVs can help create green jobs. Watch this location for a link to details.
A Comprehensive Program
Detailed Emmissions Saving per 1000 vehicles available. Click here for info.
Click here for the info on the Converting Vehicles to Electric Drive
Click here for the info on the Electric City Cars
Click here for the info on the Medium Speed EVs (MSEVs)
That is 300,000,000,000 Dollars per year.
That is 6 MILLION JOBS leaving to pay for one years worth of oil.
It is actually two or three time as bad as that if you take into account that every person earning a wage in this country keeps other people in their jobs. This happens when we spend our money to buy things in our communities. We are paying that out to keep our neighbors on the job. That is called the economic multiplier, which can create two or three times as many jobs for every descent-paying job. When the oil money leaves our country the domestic multiplier goes to zero. The net effect is that 10 to 15 million Americans loose their jobs each year because of the imported oil problem.

Another way to look at that money is what $300 billion could buy for the people in this country. Lets use houses as an example. Most places we can still buy a home for $200,000. The math on this works out as follows:

300,000,000,000 would pay for 1.5 million homes a year.

What about new cars? A modest new car can cost about $25 thousand.

300,000,000,000 would pay for 12 million new cars.
How can we hope to build a strong economy with this
hole in our economic bucket?

Stopping the flow of foreign oil is one of the best things we can do to
turn our domestic economy around.
The Number of Cars and Trucks is Key to This Problem
The size of the oil burning fleet also tells us the real scale of this problem. The data summarized below from the report National Transportation Statistics 2010 by the Bureau of Transportation Statistics, U.S. Department of Transportation show the picture. It is a big picture with a fleet of 255 million vehicles.
The electric vehicle industry is coming along. At the current rate of development, we should have 100,000 electric vehicles being sold a year by the end of 2011 or 2012. Natural gas vehicles could also hit that volume but fuel cell vehicles will be lucky to hit 10,000 a year by 2014.
We need this to be a much higher national priority and we need a comprehensive plan of action. The outline of such a plan is contained on this web site.
If all new passenger cars sold were oil free it would take
20 years to create an oil free fleet.
200,000 EV and CNG Vehicles a Year is
Just NOT Going to Get the Job Done!
The Economic Well Being of our Country is at Stake.
We need to get Independent of Foreign Oil NOW.
LUVS help solve energy and emmissions problems.
Click here to learn more.
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Click here for a more detailed discussion on how the Balance of Trade Money Drain is impacting our country and slowing the economic recovery