According to the US Energy Information Administration, oil production from drilling offshore in the outer continental shelf wouldn't begin until around the year 2017. Once begun, it wouldn't reach peak production until about 2030 when it would produce only 200,000 barrels of oil per day (in yellow above). This would supply a meager 1.2% of total US annual oil consumption (just 0.6% of total US energy consumption). And, the offshore oil would be sold back to the US at the international rate, which today is $106 a barrel. So, the oil produced by offshore drilling would not only be a "drop in the bucket", it would be expensive, which translates to "no relief at the pump".
I still don't get why people want to drill more. I mean we are going to run out of oil eventually, probably in my lifetime. Yeah we can get by on oil for atleast 40-50 more years, but past that were putting ourself in a corner. We need to be using this time to develop other sources of energy, that are cleaner, and renewable while we can without having a major energy crisis due to the lack of oil.
What could you possibly know about being a real conservative?You'd think that would be friggin' obvious to most people. And what's so bad about creating new jobs for Americans that can export goods to other countries? Seriously, I feel that some people here actually hate America. They don't want us to stop financing Iran. They don't want us to increase American jobs and they don't want us to reduce our trade deficit.
So many self proclaimed Conservatives are anything but. A Real Conservative would be for getting us out of the oil exchange market that funds Russia and Iran. A Real Conservative would be more increasing US jobs and exports. A Real Conservative would be for conserving the environment. What we see on this forum is a bunch of fakes who don't give a **** about America.
What could you possibly know about being a real conservative?
Peak Oil Lie - US Has Utterly Giant Oil Reservesmore oil inside our borders, than all the other proven reserves on earth. Here are the official estimates:
* 8 times as much oil as Saudi Arabia
* 18 times as much oil as Iraq
* 21 times as much oil as Kuwait
* 22 times as much oil as Iran
* 500 times as much oil as Yemen
- and it's all right here in the Western United States.
The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe Bay, and has the potential to eliminate all American dependence on foreign oil.
This whole argument is pointless, because oil will run out. We need to start looking for a more permanent source of energy now, before we have an energy crisis because of the lack of oil, and other fossil fuels.
Shale oil
What could you possibly know about being a real conservative?
Yeah, I love hearing about this one. Oil companies have already tapped anything and everything that they can that is profitable. There's no reason not to drill it. To extract shale oil you have to drill thousands of feet down and heat the rock to like 600 degrees. You're basically trying to grind oil out of rock. The biggest issue is that it just takes so damned much effort, and the volume you get out is weak. There just doesn't exist the capability to expand drilling operations to keep up with global demand.
Nuclear, nuclear, nuclear. It's mathematics. Energy density is a million times that of oil.
This whole argument is pointless, because oil will run out. We need to start looking for a more permanent source of energy now, before we have an energy crisis because of the lack of oil, and other fossil fuels.
How ironic.This guy's opinion piece is void of any homework.
How ironic.
It's quite obvious that debating this topic is not your priority or intention. You have yet to counter why the Bakken shale oil is garbage.
People seem to be under the impression that America can drill more to improve the oil situation. That drilling offshore will help us with gas prices and the economy.
Architecture 2030 E-news
Like I've often said, the public doesn't really understand the sheer volume we're talking about.
People seem to be under the impression that America can drill more to improve the oil situation. That drilling offshore will help us with gas prices and the economy.
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