PickensPlan

Bi-fuel conversions could make us energy independent from OPEC within 5 years for only a fraction of what we have spent in Iraq and will ultimately spend on this recession.

A $100 Billion investment in a readily usable energy source and proven technology seems practical.

Seriously, here's the math.........at a cost of only $2 Billion per State

250 million passenger cars in the U.S.
50 million cars = 1/5 of the cars on the road=20% reduction in oil imports mostly cuts out OPEC
50 million cars x $2,000 per car conversion = $100 Billion investment
$2,000 conversion cost on a 4 year payback plan = $500 per year
$500 / 12 = $42 per month.
Average person drives 1 tank/week = 20 gal. per wk x 4 = 80 gallons per month
$1.00 savings per gallon [CNG] x 80 gallons/month = $80 per month
$80 - $42 repayment = $38 profit

Monthly payments could be rolled back into the program and by the end of the 5th year, another 20 million cars could be converted for a total of 75 million cars in 5 years.

This program would mean cheaper gasoline for everybody and that would be economic stimulus without issuing debt. A multiplier effect would be created as the money turns over in the economy instead of going to the oil companies.

Share

Reply to This

© 2009   Created by PickensPlan

Badges  |  Community Guidelines  | Report an Issue  |  Privacy  |  Terms of Service