ProfJohn
Lifer
- Jul 28, 2006
- 18,161
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About ANWR
We are talking about 500,000 to 1.5 million barrels a day. That is a large amount when our total consumption is 20 million a day.
Open it up and 10 years from now 5% of oil may come from it. Doesn't help short term, but it does long term. And the oil problem is not going to go away so might as well do everything we can to help.
The key is not the total overall, but the amount it can add per day.The opening of the ANWR 1002 Area to oil and natural gas development is projected to increase domestic crude oil production starting in 2018. In the mean ANWR oil resource case, additional oil production resulting from the opening of ANWR reaches 780,000 barrels per day in 2027 and then declines to 710,000 barrels per day in 2030. In the low and high ANWR oil resource cases, additional oil production resulting from the opening of ANWR peaks in 2028 at 510,000 and 1.45 million barrels per day, respectively. Between 2018 and 2030, cumulative additional oil production is 2.6 billion barrels for the mean oil resource case, while the low and high resource cases project a cumulative additional oil production of 1.9 and 4.3 billion barrels, respectively.
We are talking about 500,000 to 1.5 million barrels a day. That is a large amount when our total consumption is 20 million a day.
Open it up and 10 years from now 5% of oil may come from it. Doesn't help short term, but it does long term. And the oil problem is not going to go away so might as well do everything we can to help.
