Bill Overview
Title: SAVE Consumers Act of 2022
Description: This bill addresses emergency energy conservation authorities and petroleum reserves, including by increasing the authorized amount of strategic petroleum reserve drawdown and sale for FY2023.
Sponsors: Sen. Markey, Edward J. [D-MA]
Target Audience
Population: Consumers of energy worldwide
Estimated Size: 330000000
- The bill involves the strategic petroleum reserve and energy conservation, suggesting it will impact individuals and entities related to energy consumption.
- It mentions appliance and vehicle energy efficiency, indicating it will affect consumers who purchase or use household appliances and vehicles.
- The focus on energy efficiency means it could also impact manufacturers of appliances and vehicles, potentially influencing the types of products they produce.
- The legislation is likely designed to address energy costs, indirectly affecting all individuals through potential changes in energy prices.
Reasoning
- The policy primarily aims to enhance energy efficiency and manage petroleum reserves, which will have varied impacts across different sections of the population.
- The people who directly purchase and use appliances and vehicles will experience changes due to potential incentives or rebates for energy-efficient models.
- Additionally, there are indirect impacts on those involved in manufacturing and retail industries which could see shifts in demand.
- Since the U.S. population consumes significant amounts of energy, broad population-level impacts may include changes in energy prices and availability, affecting overall economic wellbeing.
- Each individual may experience different levels of impact based on their personal energy consumption patterns and the degree to which they engage with the products and services targeted by the policy.
Simulated Interviews
Software Engineer (Austin, Texas)
Age: 28 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 14/20
Statement of Opinion:
- The policy might help reduce energy costs, which is great since I drive a lot for work.
- I'm considering upgrading my appliances to more energy-efficient ones if incentives are provided.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 8 | 7 |
| Year 10 | 9 | 7 |
| Year 20 | 8 | 7 |
Car Manufacturer Manager (Detroit, Michigan)
Age: 52 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 5.0 years
Commonness: 10/20
Statement of Opinion:
- This policy might push for a shift towards more fuel-efficient vehicle production, which means more work in the R&D department.
- It could lead to changes in our manufacturing line, potentially securing jobs but with added pressure for innovation.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 6 | 5 |
| Year 10 | 5 | 5 |
| Year 20 | 4 | 5 |
Environmental Policy Analyst (Seattle, Washington)
Age: 39 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 20.0 years
Commonness: 5/20
Statement of Opinion:
- The SAVE Consumers Act can drive major shifts in consumer behavior if implemented effectively, promoting both energy savings and emissions reduction.
- It aligns well with sustainability goals, which is encouraging.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 9 | 8 |
| Year 2 | 9 | 8 |
| Year 3 | 9 | 8 |
| Year 5 | 9 | 8 |
| Year 10 | 10 | 8 |
| Year 20 | 10 | 8 |
Small Business Owner in Energy Appliances (Chicago, Illinois)
Age: 45 | Gender: male
Wellbeing Before Policy: 5
Duration of Impact: 10.0 years
Commonness: 8/20
Statement of Opinion:
- This policy could provide opportunities to expand my business with new energy-efficient product lines.
- However, I'm worried about increased competition from big-box retailers who can adjust prices more flexibly.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 6 | 5 |
| Year 5 | 7 | 5 |
| Year 10 | 6 | 5 |
| Year 20 | 5 | 4 |
Retired (Miami, Florida)
Age: 60 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 10.0 years
Commonness: 12/20
Statement of Opinion:
- If this policy can genuinely lower my energy costs, I would be very relieved as finances are tight.
- I would support any measures that make appliances and vehicles more efficient.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 7 | 6 |
| Year 10 | 8 | 6 |
| Year 20 | 8 | 6 |
Grad Student in Environmental Science (Portland, Oregon)
Age: 23 | Gender: other
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 15/20
Statement of Opinion:
- As someone studying environmental science, I'm interested in how this policy might drive systemic change in energy use.
- It might not directly impact me immediately, but it's necessary progress.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 8 | 7 |
| Year 10 | 8 | 7 |
| Year 20 | 8 | 7 |
Electrician (Los Angeles, California)
Age: 33 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 13/20
Statement of Opinion:
- With more demand for energy-efficient appliances and systems, I expect business to grow.
- This policy is likely to create more work opportunities for electricians.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 9 | 7 |
| Year 5 | 9 | 7 |
| Year 10 | 8 | 7 |
| Year 20 | 7 | 6 |
Petroleum Engineer (Bismarck, North Dakota)
Age: 50 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 9/20
Statement of Opinion:
- Any policy affecting petroleum reserves could mean changes in my daily work and investment returns.
- It prompts both job insecurity and potential market shifts.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 6 | 7 |
| Year 3 | 6 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 5 | 5 |
| Year 20 | 5 | 5 |
Public Transport Operator (New York, New York)
Age: 30 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 5.0 years
Commonness: 16/20
Statement of Opinion:
- While I don't own a car, energy efficiency policies can still affect public transport operations positively.
- Policies like this might offer funding or incentives to upgrade our transport systems.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 8 | 8 |
| Year 5 | 9 | 8 |
| Year 10 | 9 | 8 |
| Year 20 | 8 | 8 |
Environmental Lawyer (Houston, Texas)
Age: 40 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 15.0 years
Commonness: 11/20
Statement of Opinion:
- This policy could spark a lot of legal work if companies violate new efficiency standards.
- There might be an increase in demand for legal services in the energy sector.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 9 | 7 |
| Year 5 | 9 | 7 |
| Year 10 | 9 | 7 |
| Year 20 | 8 | 7 |
Cost Estimates
Year 1: $2000000000 (Low: $1500000000, High: $2500000000)
Year 2: $1600000000 (Low: $1200000000, High: $2000000000)
Year 3: $1700000000 (Low: $1300000000, High: $2100000000)
Year 5: $1800000000 (Low: $1400000000, High: $2200000000)
Year 10: $2000000000 (Low: $1600000000, High: $2400000000)
Year 100: $2500000000 (Low: $2100000000, High: $2900000000)
Key Considerations
- Strategic petroleum reserves are finite and using them impacts national energy security.
- Short-term costs are weighed against potential long-term economic and environmental benefits from efficiency improvements.
- The effectiveness of energy efficiency incentives may vary, influencing costs and savings estimates.