Apr 1, 2010

New offshore drilling will reduce our dependency on foreign oil

APRIL FOOLS ;-)http://www.treehugger.com/architecture2030-offshore.jpg
"The comprehensive energy plans proposed by politicians that are centered on oil drilling and nuclear power would supply just 1.8% of total US energy needs - a drop in the bucket." -Edward Mazria

According to the US Energy Information Administration, oil production from drilling offshore in the outer continental shelf wouldn't begin until around the year 2017. 

Once begun, it wouldn't reach peak production until 2030,  estimated at 200,000 barrels of oil per day. The US consumes that much in just 17 minutes a day.  

So, over the course of a year, that works out to a total of just four days! - Source

And, the offshore oil would be sold back to the US at the international rate, which today is $106 a barrel. 

So, the oil produced by offshore drilling would not only be a "drop in the bucket", it would be expensive, which translates to "no relief at the pump".


Haase -  Maybe we should save the oil in our 'backyard for a rainy day'?

The sky's do look a little cloudy ;-)