Number Crunching in Alaska and Why Drilling Isn’t the Answer


| 9/26/2008 11:16:36 AM


Tags: drilling, Alaska, oil, ANWR, gas prices,

Alaskan CountrysideDrilling for oil in Alaska is among one of the key issues of the political campaigns this year. Each party presents its own justifications for its proposals for ending this spiral of choking gas prices and dependency on foreign oil, but what are they not telling you?

Politicians, economists and that guy sitting in the cubicle across from yours who knows everything about everything, can talk until they’re blue in their faces, but when there’s a division on the economy and the environment, the only answers good enough for both sides are going to come from the numbers. So here they are. Use them for what you will, but that guy, he’ll be hearing from me.

Current Petroleum Consumption

*The U.S. consumes nearly 21 million barrels of petroleum every day – that’s 7.5 billion barrels a year.

*Sixty-six percent of that petroleum is imported.

*At the current pace, the U.S. will spend more than $500 billion on petroleum imports by the end of the year.

Drilling Won’t Solve Our Problems

*A 1998 U.S. Geological Survey estimated recoverable oil from the Arctic National Wildlife Refuge (ANWR) would be about 10.4 billion barrels – the equivalent of one and a half years’ current consumption. A more recent study, released by the Department of Energy put recoverable oil between 1.9 billion and 4.3 billion barrels. The report addresses reasons for the discrepancy.

Mikki
10/27/2008 11:54:18 AM

Where are your facts Wayne? By the time we drill and refine any appreciable about of oil from the land the amount we consume yearly will already be greatly increased, especially if fuel standards and usage are not changed to reflect the finite amount of oil on the planet. How will improvements in drilling create more oil? I am honestly looking for where you get your information so I can be sure I am not misinformed.


Mikki
10/27/2008 11:53:44 AM

Where are your facts Wayne? By the time we drill and refine any appreciable about of oil from the land the amount we consume yearly will already be greatly increased, especially if fuel standards and usage are not changed to reflect the finite amount of oil on the planet. How will improvements in drilling create more oil? I am honestly looking for where you get your information so I can be sure I am not misinformed.


Mikki
10/27/2008 11:53:18 AM

Where are your facts Wayne? By the time we drill and refine any appreciable about of oil from the land the amount we consume yearly will already be greatly increased, especially if fuel standards and usage are not changed to reflect the finite amount of oil on the planet. How will improvements in drilling create more oil? I am honestly looking for where you get your information so I can be sure I am not misinformed.





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