SACRAMENTO - On Tuesday, September 4, 2012, David L. Greene, Ph.D.,  Senior Fellow, Howard H. Baker Jr. Center for Public Policy, University of Tennessee and Corporate Fellow, Oak Ridge National Laboratory will give a presentation on how petroleum dependence is a serious economic and national security problem for the U.S. -- and how transitioning to a low-carbon, sustainable transportation system can help provide economic benefits, and improve the nation’s national security. 

WHO: David L. Greene, Ph.D.,  Senior Fellow, Howard H. Baker Jr. Center for Public Policy,
 University of Tennessee and Corporate Fellow, Oak Ridge National Laboratory

WHAT: Chair’s Lecture Series (California Air Resources Board)

WHEN: Tuesday, September 4, 2012, 12 P.M. (noon) to 1 p.m. [PDT]

WHERE: Byron Sher Auditorium, 2nd Floor, Cal/EPA Building
 1001 I Street, Sacramento, California

NOTE: Lecture will be webcast at:  http://www.calepa.ca.gov/broadcast/?bdo=1  (http://www.calepa.ca.gov/broadcast/?bdo=1)


For more information: go to   https://www.arb.ca.gov/research/lectures/lectures.htm (https://www.arb.ca.gov/research/lectures/lectures.htm)

BACKGROUND: 
Today, direct economic costs from petroleum dependence are higher than they were during the oil embargoes of the 1970s and are estimated to have exceeded $2 trillion since 2005. These costs represent wealth transfer out of the country and lost economic output due to monopoly pricing and price spikes. (They do not account for indirect costs related to congestion, defense, or health impacts). 

Reducing petroleum dependence by transitioning to a low carbon transportation system can generate hundreds of billions of dollars annually in economic and national security benefits for the U.S. By greatly increasing energy efficiency and substituting hydrogen, electricity and biofuels produced with low net greenhouse gas emissions, the U.S. can develop a sustainable and diverse transportation system while fostering a crucial link to economic and national security.