invest all that money in solar and wind energy.
Ignoring losses, how to store it for when you need it, cloudy days.
Keystone - $5.2 billion, 800,000 barrels a day
"average price per watt for solar panels ranges from $2.40 to $3.22.Jan 13, 2021" (Industrial) 10W sq ft.
One barrel oil = 1,628,200 Wh (heating value)
12 hr day, 1,628,200 / 12 = 135,000 W
135,000 x $2.50 = $337,500 (one barrel)
$337,500 x 800,000 barrels = $270,000,000,000 or $270 billion
10W/sq ft.
1,628,200W / 10 = 162,820 sq ft / barrel
162,820 x 800,000 = 130,256,000,000 sq ft.
130,256,000,000 = 4,672 sq miles.
Connecticut = 4,845 sq miles
Just for kicks
In 2019,
the United States consumed an average of about 20.54 million
barrels day.
20.5 / 0.8 (barrels of Keystone) 25.6
25.6 x $270 billion = $6.9 trillion in solar cells.
Keystone area (4,672) x 25.6 (scale up to US oil consumption) = 124,1000 sq miles, New Mexico, 124,365 sq miles.
Of course 25% of the barrel is used for other products. Mind you kick in infrastructure and 0.5% degradation a year, conversion loses, angle of the sun, it all would eat up the 25%
Would be interesting to get in natural gas being produced for our CO2 budget, simple to just say double these numbers. Now, the mony the US has thrown at covid, $6 trillion. Take that money and throw it into solar cells, you just eliminated your oil addiction. Double that and natural gas is gone.