Word: bbl
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Dates: during 1970-1979
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INSULATION. The FEA figures that a 25% tax credit for such purchases as storm windows and doors, and insulation for unfinished attics could lead to a reduction of 50,000 to 100,000 bbl...
INDUSTRIAL POWER. Because the potential for savings varies from plant to plant, there could be no hard guideline, but federal experts estimate that industry could reduce consumption by a minimum of 15%, saving as much as 300,000 bbl. a day. Example: exhaust heat from gas-fired turbines could be used instead of oil to process sulfur. Using coal instead of oil in power generators and factory boilers could save a further 500,000 bbl...
DRIVING. A 100 per gal. gasoline surtax could save as much as 450,000 bbl. of oil a day. A 300 charge could conserve 750,000 bbl. a day. The FEA bases these estimates on recent experiences of how much gasoline demand went down as prices went...
Thus, taking just these measures, the U.S. within a year could cut more than 2 million bbl. from daily usage. Given the political will, the nation could make even more enormous savings in ensuing years. The ripest area for cutbacks is in transportation, which uses 60% of all oil consumed by the U.S. The FEA has worked out a comprehensive program of a 300 per gal. gasoline surtax, mandatory fuel efficiency standards for new cars, high excise taxes on low-efficiency autos, and additional spending and operating subsidies for mass transit. Anticipated extra savings: 1.7 million bbl...
...gains in its homes, offices and factories. An all-out program of tax credits for installing insulation, a 50% tax credit on investments in solar heating and cooling systems, and stern but sensible standards for limiting lighting and raising overall energy efficiency -all this could save another 775,000 bbl. a day by 1980 and 1.7 million bbl. by 1985. When this figure is added to the mass-transit potential savings, the U.S. could thus save as much as 6 million bbl. daily from the projected consumption of 19 to 20 million a decade hence...