September 04, 2009
American Oil: Drill Baby Drill
This is a post by Chad that I thought needed to be seen by anyone interested in America's energy future. -MP
Not precisely on target but here is something I put together last year when everyone was blabbering about not being able to drill our way out of the (then) oil crisis:
ANWR Exploration
House Republicans: 91% Supported
House Democrats: 86% Opposed
Barrels - 4.3 billion
Coal-to-Liquid
House Republicans: 97% Supported
House Democrats: 78% Opposed
Barrels - 4,768 billion
Oil Shale Exploration
House Republicans: 90% Supported
House Democrats: 86% Opposed
Barrels - 3,300 billion
Outer Continental Shelf (OCS) Exploration
House Republicans: 81% Supported
House Democrats: 83% Opposed
Barrels - 8.5 billion
Bakken Field
Barrels - 4 billion
Current US reserves (not including Bakken Field)
Barrels - 21 billion
Total Potential US Reserves
Barrels - 8105.8 billion
Current US consumption
Barrels - 21 million / day
Reserves in years (US Consumption only)
1057
Saudi Reserves (claimed)
Barrels - 260 billion
Reserves in years (US Consumption only)
39.2
Combined Reserves World Reserves not including the US (Claimed)
Barrels - 1115.7 billion
Reserves in years (US Consumption only)
168.6
so if we exploited all the known sources in the US we have enough oil / oil analouges to last over 1000 years especially since in Feb. the USGS upped their estimate of oils shale reserves by 50% and I didn't include the Bakken field in Montana because no one really has a handle on how big it is. One estimate is 400,000,000,000 barrels or 1.5 times Saudi Arabia's reserves.
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Not precisely on target but here is something I put together last year when everyone was blabbering about not being able to drill our way out of the (then) oil crisis:
ANWR Exploration
House Republicans: 91% Supported
House Democrats: 86% Opposed
Barrels - 4.3 billion
Coal-to-Liquid
House Republicans: 97% Supported
House Democrats: 78% Opposed
Barrels - 4,768 billion
Oil Shale Exploration
House Republicans: 90% Supported
House Democrats: 86% Opposed
Barrels - 3,300 billion
Outer Continental Shelf (OCS) Exploration
House Republicans: 81% Supported
House Democrats: 83% Opposed
Barrels - 8.5 billion
Bakken Field
Barrels - 4 billion
Current US reserves (not including Bakken Field)
Barrels - 21 billion
Total Potential US Reserves
Barrels - 8105.8 billion
Current US consumption
Barrels - 21 million / day
Reserves in years (US Consumption only)
1057
Saudi Reserves (claimed)
Barrels - 260 billion
Reserves in years (US Consumption only)
39.2
Combined Reserves World Reserves not including the US (Claimed)
Barrels - 1115.7 billion
Reserves in years (US Consumption only)
168.6
so if we exploited all the known sources in the US we have enough oil / oil analouges to last over 1000 years especially since in Feb. the USGS upped their estimate of oils shale reserves by 50% and I didn't include the Bakken field in Montana because no one really has a handle on how big it is. One estimate is 400,000,000,000 barrels or 1.5 times Saudi Arabia's reserves.
Posted by: Moron Pundit at
09:40 PM
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