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.

Posted by: Moron Pundit at 09:40 PM | Comments (8) | Add Comment
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