NDCF report: the hidden cost of imported oil
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Hydrogen fuel cell powered special operations vehicles for the Army
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NDCF report: the hidden cost of imported oil
The National Defense Council Foundation (NDCF), an Alexandria, Virginia-based research and educational institution has completed its year-long analysis of the “hidden cost” of imported oil. The NDCF project represents the most comprehensive investigation of the military and economic penalty our undue dependence on imported oil exacts from the U.S. economy. Included in this economic toll are:
One striking figure was the cost of the periodic oil shocks the U.S. has experienced over the past three decades which NDCF estimates at from over $2.2 Trillion to almost $2.5 Trillion.
Prior to completion the study underwent an exhaustive peer review by a panel comprised of seventeen individuals with a broad range of expertise including representatives from government, industry and major environmental organizations.
In addition to detailing the costs of America’s import dependence, the NDCF report also outlines the benefits of shifting the U.S. transportation sector to non-petroleum derived fuels.
Also see: How much are we paying for a gallon of gas?