Re: Drilling for oil

In article <g9rqq2$in4$1@xxxxxxxxxxxxxxxxxxxxxxxxx>,
Zaphod Beeblebrox <victor.king1@xxxxxxxxxxx> wrote:

1) Worldwide crude oil production is around 75 million barrels a day.

2) Current U.S. crude oil production is around 5 million barrels a day.

3) Estimate of additional crude oil production from drilling in
Alaska is around 780,000 barrels a day - BTW it is estimated that if we
start today we will start to see the oil around 1918 and get to this
peak production rate some time between 1925 and 1927.

4) Estimate of additional crude oil production from drilling in the OCS
(outer continental shelf) is around 1 million barrels a day - again by
around 2025.

OK, so we're talking of an overall increase of around 1.8 million
barrels per day. That might be a good 35% increase in domestic
production - but only around a 2.4% increase in the world supply. And
remember, this will not happen until at least a good 15-20 years from
now. Given the rate at which our consumption keeps increasing (not to
mention the fact that consumption by the BRIC countries will continue to
increase dramatically), hoping that this increase will make a difference
worldwide would be like me pissing into the Atlantic ocean in the hope
that the water level rises.

Facts are inconvenient things, for the DRILL BABY DRILL crowd.

--
Trev
.

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