Quote:
Originally Posted by winthrop
I urge you to reconsider that position.
The following is according to the Energy Information Administration
of the Department of Energy.
Mean estimates from the [Minerals Management Service] indicate that technically recoverable resources currently off limits in the lower 48 OCS (Outer Continental Shelf) total 18 billion barrels of crude oil and 77 trillion cubic feet of natural gas....
The projections in the OCS access case indicate that access to the Pacific, Atlantic, and eastern Gulf regions would not have a significant impact on domestic crude oil and natural gas production or prices before 2030. Leasing would begin no sooner than 2012, and production would not be expected to start before 2017. Total domestic production of crude oil from 2012 through 2030 in the OCS access case is projected to be 1.6 percent higher than in the reference case, and 3 percent higher in 2030 alone, at 5.6 million barrels per day. For the lower 48 OCS, annual crude oil production in 2030 is projected to be 7 percent higher—2.4 million barrels per day in the OCS access case compared with 2.2 million barrels per day in the reference case (Figure 20). Because oil prices are determined on the international market, however, any impact on average wellhead prices is expected to be insignificant.
|
That is WAY old Dept. of Energy data.
In short;
we don't know what what the reserves are until we actually do some exploration.
We need to drill more here, and stop spending so much $$ to the mideast
Here's the kicker.
China has contracted with Cuba to do side drilling off Key west ( within 60 miles)
I sure as hell don't want China taking our reserves, nor do I trust them to have the same type of enviornmental safeguards we use.
__________________
Traveling Wilburys (l to r)
Bob Dylan, Jeff Lynne, Tom Petty, George Harrison, Roy Orbison