News Release

Winning the oil endgame in America to be discussed at NJIT forum

Business Announcement

New Jersey Institute of Technology

America's energy future is choice, not fate, and U.S. dependence on oil can be eliminated with proven technologies that create wealth and strengthen security. That's the message Nathan Glasgow of the Rocky Mountain Institute (RMI) will bring to New Jersey Institute of Technology (NJIT) in his presentation on Oct. 25, 2006, at NJIT's Technology and Society Forum http://tsf.njit.edu. Admission is free and the public is invited. For more information about attending the event, call Rosalyn Roberts at 973-596-3433.

Glasgow, scheduled to speak at 3 p.m. in the NJIT Campus Center, is a consultant advising RMI clients in the energy, commercial and industrial sectors. He is also special aide to Amory Lovins, CEO of the institute. RMI is an entrepreneurial nonprofit organization that fosters the efficient and restorative use of resources to make the world secure, just, prosperous, and life-sustaining.

Glasgow is a co-author with Lovins of Winning the Oil Endgame, which details how the United States can revitalize its economy and transition from oil within a few decades. He also has experience in green building, environmental science and information technology. Glasgow holds a bachelor's degree in human biology from Stanford and a master's in economics from the University of California, Santa Barbara.

Glasgow will chart a clear roadmap for getting the United States completely, attractively, and profitably off oil. This roadmap integrates several technological components for displacing oil: using oil twice as efficiently, substituting biofuels and natural gas, and, optionally, hydrogen.

The route for the transition beyond oil will expand customer choice and wealth, and will be led by business for profit. The public policies proposed to accelerate this transition are market-oriented without taxes and innovation-driven without mandates. According to Glasgow and his colleagues, a $180-billion investment over the next decade will yield $130-billion annual savings by 2025; revitalize the automotive, aviation and hydrocarbon industries; create a million jobs in both industrial and rural areas; rebalance trade; and make the United States a more prosperous and environmentally healthy nation.

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NJIT, New Jersey's science and technology university, enrolls more than 8,000 students in bachelor's, master's and doctoral degrees in 92 degree programs offered by six colleges: Newark College of Engineering, New Jersey School of Architecture, College of Science and Liberal Arts, School of Management, Albert Dorman Honors College and College of Computing Sciences. NJIT is renowned for expertise in architecture, applied mathematics, wireless communications and networking, solar physics, advanced engineered particulate materials, nanotechnology, neural engineering and eLearning.

In 2006, Princeton Review named NJIT among the nation's top 25 campuses for technology and top 150 for best value. U.S. News & World Report's 2007 Annual Guide to America's Best Colleges ranked NJIT in the top tier of national research universities.


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