RESEARCH & POLICY
Oil, Consumer, and Other Benefits from the Energy Independence and Security Act of 2007
Thursday, December 13, 2007
- Reduction in US oil use of 2.8 million
barrels a day by 2020, and 5 million barrels
per day by 2030, over business as
usual.
- US Consumer fuel
savings of $71 billion per year in 2020,
and $161 billion in 2030, using approximate
current prices ($90/barrel oil, $3/gallon
gasoline).
- Reduction of transfer of wealth abroad of
$73 billion per year in 2020 and $129 billion
in 2030, using the same prices.
- Reduction in US CO2 emissions by 320
million metric tons in 2020, and 675 million
metric tons in 2030, representing a reduction
in passenger vehicle emissions of 15% and 30%,
respectively, from what they otherwise would
be.
- Reduction in 2020 of approximately 4% of
projected total net
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