Economic Impacts of U.S. L iquid Fuel Mitigation Options

A new report by the authors of the Hirsch report: Roger H. Bezdek, Robert M. Wendling and Robert L. Hirsch, sponsored by the National Energy Technology Laboratory.

The world is consuming more oil than it is finding, and at some point within the
next decade or two, world production of conventional oil will likely peak. Peaking will
lead to shortages and greatly increased prices and price volatility. In addition to
peaking and its consequences, there are widespread concerns about the growing
United States
This study considered four options that the U.S. could implement for the massive
physical mitigation1 of its dependence on imported oil: