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Economic Dividends

In this section, we detail the less obvious, but equally significant, Economic Dividends of the Steel Interstate. The Energy Advantages and National Security portions of this web site describe the enormous strategic advantages of the Steel Interstate in eliminating the petroleum strangle-hold on American mobility.  But the benefits go far beyond these huge Energy, National Security, and Environmental considerations.

Clearly if 7% of the nation’s total current oil consumption can be saved, at only the modest cost of 1% more electrical use, as one analysis projects, that can go a long way toward paying for the build-out of the Steel Interstate system. 

It is important to realize that despite recent growth in domestic petroleum production, the U.S. still imports oil from foreign countries . There are huge positive implications from not sending billions of dollars annually overseas to pay for oil. This money could be kept here at home, funding jobs, growth, and economic opportunity. The nation’s balance of payments deficit would also shift markedly, as oil imports contribute significantly to the monthly imbalance.

The Steel Interstate build-out would be an economic boost to the nation over many decades.  Unlike short term stimulus measures, the Steel Interstate is not a “one shot in the arm” effort.  As with the Interstate Highway program over the past 50 years, the Steel Interstate would pump economic investment into the nation’s transportation infrastructure over many decades.

Reducing Economic Burden from Imported Oil

Yearly, hundreds of billions of dollars spent on imported oil, much of it to fuel the U.S. transportation, burdens the entire economy. Even with increased domestic petroleum production, in 2013, the U.S. still imported half the oil it burned. Switching freight movement to electrified Steel Interstate rail--powered by domestically generated electricity--will reduce national oil imports by 7% and grow the economy.

An Infrastructure Program that PAYS for Itself

The Steel Interstate System is a major investment program which will renew the nation’s shrinking rail network, stimulate the economy, provide needed capacity for both passengers and freight, and pay for itself in savings of imported oil.

Promulgating More Efficient and Cost-Competitive Movement of Goods

Congestion and delay cost money.  The nation will benefit economically from a network of high-capacity rail lines with adequate speed, reliability, and low cost to meet the nation’s “just-in-time” freight transportation needs.

Minimizing Economic Risk from Climate Change

Economic security = national security.

Stimulating Renewable Energy & Energy Efficiency

Additional electrical requirements of the Steel Interstate can readily be met with renewable energy sources and conservation.

Saving the Public's Transportation Expenditures

The public will save billions of dollars investing in a Steel Interstate system instead of importing more oil and constructing and repairing more highway lanes to accommodate additional auto and truck traffic.

Reducing Land Condemnation and Community Disruption

A high-capacity Steel Interstate causes far less economic disruption to local communities than massive highway widening.

Stimulating Rural Economies and Small Metro-areas

Localities left out of high speed rail plans will benefit from advantages of Steel Interstate interconnectedness and mobility.

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