Using $180 billion to eliminate oil demand in the United States.
In general, I feel Lovins work/proposals (other than the hypercar) are viable, except for one big flaw. He assumes leadership that will act in the best interest of the majority of the population.
How to Live Without Oil
By Amory B. Lovins
Newsweek International
http://www.msnbc.msn.com/id/8769620/site/newsweek/. . .
Oil may now be poised to repeat that history. With prices exceeding $50 a barrel, the world's oil habit now costs $4 billion a day. Some experts warn that output will soon peak and prices will reach $100, but nobody really knows for sure (94 percent of reserves are owned by governments, which generally keep the data secret). Fortunately, it doesn't matter: With cheap oil-saving technologies and alternative fuels already at our disposal, the sooner we get off oil, the sooner we'll start making bigger profits.
. . .
Modern aerodynamics, tires, engines and materials can cheaply double or triple the efficiency of 18-wheel heavy trucks and jetliners, too. Boeing's new 787 consumes 20 percent less fuel per passenger mile than its predecessor. Retooling the U.S. car, truck and plane industries would require a $90 billion investment. That may sound like a lot, but spread over a decade, it's worth about three weeks of U.S. oil imports a year. Other countries' retooling would typically yield at least as handsome profits in both money and security.
Once the United States has saved half its oil, it can cost-effectively replace an additional 20 percent with advanced biofuels, and the rest with saved natural gas. Biofuels (based on woody, weedy plants—not corn) will need a $90 billion investment, too, but they'll beat $26 oil, revitalize farming, protect topsoil better and preserve food crops' land and water. Harvesting biofuel crops, carbon credits and wind power all from the same land, much of it now unproductive, can also double or triple net farm and ranch income. Again, details will differ in other countries, but the opportunities are broadly similar—even in Japan, which lacks the Great Plains but is 70 percent forested and could substainably harvest both fiber and biofuels there.
Eliminating oil demand in the United States would thus require a $180 billion investment, half for efficient vehicles, half for advanced biofuels. By 2025, that would save $155 billion every year, create a million new jobs, save a million current jobs and generate 26 percent less carbon emissions. Benefits in Europe, Asia and Latin America are proportional or better. Even oil-exporting countries could benefit: oil may well ultimately be worth more for its hydrogen content than for its hydrocarbons.And $300 B spent on the Great Leaders adventure so far.