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  Grrr1 month, 3 weeks ago

  I am starting to get a little irked at the nerve of the CON in trying to insist that the paltry amount of oil in ANWAR, which would be exported anyway, would make a dang bit of difference in the price or supply of oil in the US. Against all the testimony and assertions of even big oil executives and other industry insiders around the world.

  REEEEDICULOUS! An outright farce. No lie is too low or disingenuous if it gets them a little closer to their slasher wet dream.

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  not2needy1 month, 3 weeks ago

  It's not the democrats fault that there are big oil companies out there that have the lease on 68 million acres of land that should be drilled, and they just sit on the leases, won't drill and want the leases to more land to NOT drill on.

  The democrats in Congress want them to either harvest the acreage they have leases to NOW or give them up, but they want it all. If they are allowed to have the leases on more land, nothing will change, that's what the democrats in Congress are trying to get that idiot in charge to understand, but he wants to turn every single acre of land that holds a possibility of oil over to big oil. Money in his pocket, more money, more money, more money.

  All about the oil and money for the Bush/Cheney's!

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  pc251 month, 3 weeks ago

  http://www.sibelle.info/oped15.htm

  Numbers are bandied about by both sides - those for drilling say that there is 30 years-worth of Saudi imports of oil available, and that drilling will enhance the national security and lessen dependence on imported oil (especially from the volatile Middle East.) Opponents say that the ANWR will supply less than 3% of US annual oil use

  the 1998 USGS analysis is a set of estimates at various probabilities of the in-place, technically recoverable, and economically recoverable oil in the 1002 area, as well as in the coastal plain and the entire ANWR area.

  There is a 95% probability of being able to technically recover 4.254 billion barrels of oil, and a 5% probability of recovering 11.8 billion barrels of oil. The mean expected estimate is of being able to technically recover 7.7 billion barrels of oil

  at an oil price of $24/barrel the mean expected estimate comes in at 5.2 billion barrels of oil.

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  pc251 month, 3 weeks ago

  the pdf file

  http://www.sibelle.info/orig/usgs.pdf

  page 6

  the mean or expected value is at least 5.2 BB of economically recoverable oil at $24 per barrel.

  http://www.anwr.org/features/akeval.htm

  How Much Oil Is Really There?

  Alaska Evaluation Due; Offshore California Estimate Grows

  according to this article a new ANWR evaluation is due soon

  and according to this article concerning the California Pacific OCS

  The MMS Pacific OCS report documents the oil and gas commodities, resource categories, data and methodologies of the assessment of the federal offshore area of California, Oregon and Washington.

  Its significant findings include:

  * Nearly 11 billion barrels of undiscovered oil and 19 trillion cubic feet of undiscovered gas in the region may be recoverable using existing technology.

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    pc251 month, 3 weeks ago

    *Relatively large volumes of undiscovered oil may exist offshore central and southern California, due largely to the presence of Monterey-type strata, which are potential source and reservoir rocks.

    *Half of the undiscovered, conventionally recoverable oil and gas in the region may be economically recoverable under existing conditions.

    these estimates are in the billions of barrels of economically recoverable oil, economically recoverable being computed on the 1998 price of $24 a barrel. If you include our reserves of coal shale that estimate jumps into the trillions of barrels. Hardly a pittance.

    But if you want to continue to play a game of BOHICA (Bend Over Here It Comes Again) with the Saudis and not explore all our options including renewable and as the Europeans have been doing for the last 30 years nuclear ........be my guest.

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    Grrr1 month, 3 weeks ago

    From a us news & world report story on the last federal analysis by the U.S. Energy Information Administration, published a couple months ago http://www.usnews.com/articles/news/national/20...

    If Congress approved development in 2008, it would take 10 years for oil production to commence, EIA said. With production starting, then, in 2018, EIA said the most likely scenario is that oil would peak at 780,000 barrels per day in 2027 and decline to 710,000 barrels per day in 2030. Currently, the United States consumes about 20 million barrels of oil per day.

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  tchef1 month, 3 weeks ago

  Once again, the Republicans had total control for 6 years, why didn't they do anything? Don't blame the Democrats, they didn't have enough seats in Congress to stop anything. Now all of a sudden it's all the Democrats fault.

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  miklkit1 month, 3 weeks ago

  These charts illustrate the situation.

  http://zfacts.com/p/318.html

  http://www.brillig.com/debt_clock/faq.html

  The cost of oil is tied to our debt and the sinking dollar.

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