In the whole discussion about energy and oil, the good news is that we keep innovating.
This week a panel experts at the Automotive News World Congress in Detroit (still the auto-capital of America), said it would be entirely feasible for automakers to comply with the federal government requirement to meet a Corporate Average Fuel Economy target of 54.5 miles per gallon by 2025 using current technology. The panel talked about turbochargers, start-stop systems, direct injection and advanced battery technology.
I don’t know if this is good news or bad news. It’s good that we’re improving fuel efficiency. It’s bad that the regulators haven’t given the auto industry a more challenging prod. Basically the message: do a slightly more efficient job with the technology you’re already working with. Due date: One decade from now.
The bad news is: we’re still on track to run out of oil by 2050.
Check out what the consequences of running out of oil might end up looking like, if we don’t get our act together in the next few years.
Presented by Plymouth Rock Energy