The Diogenes Institute is dedicated to data-driven policy analysis and planning.
A Comprehensive Plan for Energy Independence and the Environment
An agricultural price support for algal protein and lipids to match soybean prices, can create millions of jobs by photosynthesizing coal fire plant effluents, reducing emissions to near zero. This adds a trillion dollars a year to GDP.
- Greenhouse gas emissions
- If the production of electricity can be made effectively non-emitting, then substitution of electrical energy for petroleum burning will also reduce the carbon footprint and the 60% of US COx production (6000000000000kg of COx/year) that results from current electrical power generation can be eliminated.
- The only large-scale use proposed for CO2 is re-injection into oil wells for purposes of secondary recovery. If every possible milliliter of CO2 produced at precisely the right location from electric generation were used for this purpose, you still could not use more than 20% of the CO2 thereby produced.
- Thus, COx is largely valueless at present. It is not worth the approximately $0.03/kWh to capture and dispose of the COx.
- By co-producing ammonia and by using the NH3 and COx to produce algae for protein-rich feed for fish, poultry and livestock it is possible to realize a profit which, in turn, makes it profitable to recover the COx and reduce all emission to near zero.
- Lower fossil fuel imports by converting to domestic resources possibly including recently-increased natural gas resources.
- Reengineer fossil fuel generation plants so as to capture pure CO2, allowing no other emissions.
- Use the liquid nitrogen by-product to replace natural gas turbines as the primary energy vector for peak load generation.
- Use ammonia to photosynthetically fix all fossil fuel electrical plant CO2 in marketable products, such as algal protein, that will pay for the cost of capture.
- Use off-peak electrical capacity to synthesize ammonia replacing power lines with ammonia pipelines.
- As a result, dealing with global warming will be an economic stimulant, rather than rather than a drag.
- Increase Petroleum Exports
- The United States can increase petroleum exports by nearly $700 billion dollars per year.
- $1 million GDP = 11.2 full time jobs. Exports would add 8 million jobs.
- The prevailing approach to increasing oil exports is to focus on increased production. However, reducing the consumption of fuel by automobiles and trucks is also an option as these are the largest consumers of petroleum. This can be done by displacing petroleum powered transportation with electrically powered transportation.
- Replace short-haul air and medium distance road transportation with multi-grade, electrified rail service to state capitals and universities as well as major cities.