Follow-up to the Hirsch Report

energybulletin.net -> misi-net.com (pdf) :

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. In addition to peaking, there are widespread concerns about the growing U.S. dependence on oil imports from both an energy security and a balance of payments standpoint. This study considered four options that the U.S. could implement for the massive physical mitigation of its dependence on imported oil:

* Vehicle fuel efficiency (VFE)
* Coal liquefaction (coal to liquids or CTL)
* Oil shale
* Enhanced oil recovery (EOR)

This study builds on one completed by the authors in 2005 which addressed the issue of world oil peaking. The current study deals exclusively with physical mitigation options for the U.S. Our analysis showed that the mitigation options that we considered can contribute significantly to the saving and production of U.S. liquid fuels, although decades will be needed for significant impact and related costs will be in the trillions of dollar range ...

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