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The energy contained in oil is not used efficiently. If oil was used to create electricity rather than running a combustion engine, the energy outout increases by a factor of 16,000. If we can shift to electric vehicles we can see an immediate return on our investment. Of course that hurts the oil companies as well as the auto manufactures, two of the most powerful lobbies in politics today, which is why the government does not encourage the change.
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I actually agree with most of your rant Lanny, but this is so far off base I cannot imagine where you got it from. Combustion engines are about 20% to 25% efficient, and electricity turbines 40% to 55% efficient. Subtract line losses, inefficiencies converting electricity back to chemical energy in a battery, and you are probably 40% efficient or worse. Basically, the increase in efficiency is 2:1 at best.