Originally posted by: halik
Originally posted by: Whoozyerdaddy
Originally posted by: Strk
Originally posted by: Whoozyerdaddy
Originally posted by: halik
Originally posted by: Whoozyerdaddy
Wow... Got the tree-hugging left out in force today. Too bad there aren't any trees on the coastal plane.
But seriously. Yes... We import about 2 million barrels of oil per day from the ME. ANWR will supply about 1 million barrels per day. The sooner we get going, the sooner we see that production. That's one down...
Attached to every ANWR rider thus far is a provision that every drop of ANWR oil be shipped to west coast refineries. None of it is allowed to be shipped to Asia. That's two down...
And to you Yosemite/Yellowstone guys... What a ridiculous comparison. ANWR is hardly a national treasure visited by millions of families every year. The tourism industry in ANWR consists of a dozen or so biologists and a few senators every year. That's about it. This would be more along the lines of drilling in Death Valley. (Only colder) So don't fret! We still have hundreds of millions of unmolested acres up here. We only want to drill where the oil is. We promise to leave the rest of the state alone.
Where are you pulling those stats from? Every single thing I've read (uncluding the ful USGS report) did it say that drilling there would produce a significant amount of oil...
That would be common knowledge sir. The median amount of oil believed to be in ANWR (meaning that is as likely to be less as is it to be more) is about 10.6 billion barrels of economically recoverable oil - based on $30/barrel pricing. Overall estimates range from a little over 3 billion barrels on the low side to over 16 billion barrels on the high side.
There is a lot of oil there. Enough to pump out ~1 million barrels a day for 20-30 years.
95% chance of there being roughly 4.25 billion barrels of recoverable oil in ANWR.
5% chance of your estimate.
WRONG!!! But I'll give you points for trying to distort what I said... There is a 5% chace that there is 16 billion barrels of oil there. I said the mean estimate is 10.6 billion (from another link) and this link says 10.3 billion.
Lotsa oil here...
The USGS made the following estimates in 1998 of technically recoverable oil and natural gas liquids from the ANWR Coastal Plain:
There is a 95 percent probability (a 19 in 20 chance) that at least 5.7 billion barrels of oil are recoverable.
There is a 5 percent probability (a 1 in 20 chance) that at least 16 billion barrels of oil are recoverable.
The mean (expected value) estimate is 10.3 billion barrels of recoverable oil.
Projected ANWR peak production rates range from 650,000 to 1.9 million barrels per day across the 6 cases.
For the mean resource case (10.3 billion barrels technically recoverable), ANWR peak production rates range from 1.0 to 1.35 million barrels per day.
my point stands ... that expected value 10.3 bil over the next 30 years. Assuming that the rate they extract is linear (wrong, but irrelevant), annualy we'd get 300mil barrels of oil.
This country consumes 75 mil barrels a day, so the annual output of the alaska oil would cover 4 days in a year. 4/365 is 0.01 or about 1.1% of our annual consumption. Even if the 10.3 bil can be pulled out over the course of 15 years, the supply will only incease 2.2% (assuming that demand stays constant), which again makes no difference.
So there you have it, we're drilling in alaska for 1.1% supply increase of oil. 1.1% annual increase isn't even enough to reflect on gas pumps, so you're really drilling there for no reason at all. (assuming that the argument for drilling there revolves around dependancy on foreign oil)