and SMART!!!!!!!!!!!...........
Posted on 10/09/2008 11:54:53 AM PDT by pleikumud
To repeat, Prudhoe Bay has produced 15 billion barrels of crude oil, and there’s more where that came from in ANWR, which is home to more than ten billion barrels of oil and nine trillion cubic feet of natural gas. I know this is a controversial issue. But most Americans do not realize that of the 20 million acres that make up ANWR, we are asking for the right to access just 2,000 of them—a mere 1/10,000th of the total area. Opening up just that sliver of ANWR—which would create a footprint smaller than the total area of Los Angeles International Airport—could produce enough oil (an estimated one million barrels per day) to ease America’s fuel crisis and greatly reduce our dependence on foreign oil.
(Excerpt) Read more at hillsdale.edu ...
I’m curious. How much do the folks paid to know such things estimate still are proven reserves in Prudoe Bay?
and SMART!!!!!!!!!!!...........
Its OBSCENE that the federal government does or even CAN OWN land in any State.. Alaska is as big as the entire western United States.. much bigger than Texas..
And most of that land has all kinds of resources some of them very rare and costly.. Gold, platinum, copper, many other metals, diamonds, uranium.. and resources not even discovered BUT suspected yet..
Most of ALaska has coal seams of all types on it.. besides the natural gas and crude oil.. More COAL than the rest of the United States combined.. ALL TIED UP by federal restrictions..
You, my FRiend, get it...
Lets all move to Alaska, declare independence and make Sarah the equivalent of George Washington......really!
Prudhoe Bay Field has 2.24 billion barrels left.
The multiple fields that make up Prudhoe Bay Unit have 2.995 billion barrels left.
The many different fields already explored on the Alaskan North Slope have 6.189 billion barrels left.
State of Alaska, Department of Natural Resources, Division of Oil & Gas
2007 Annual Report, Section Three (Historic and Forecast Production)
http://www.dog.dnr.state.ak.us/oil/products/publications/annual/2007_annual_report/3_HistProj_2007.pdf
There are many other unproven oil fields not yet in production (like ANWR) with 10’s of billions of barrels on the Alaskan North Coast.
Other increases in recovery methods can boost the numbers of the fields already in production.
In the 1950s Standard oil drilled and capped a field east of Prudohe that is 10 times larger than Prudhoe and it’s been keept quiet all these years.
I don’t know if Anwar is it or if it’s totally different.
I got it from oil co. execs back then when we were doing construction on all service stations that were built in So. Calif.
I believe there is oil and gas in Alaska not even discovered yet..
For sure there is much petroleum of several types on the east coast of the United States.. Totally off limits to even searching for.. FOR SOME REASON...
Right, they found the largest oil field in the world, nearly twice as large of Ghawar and never told anybody. They waited until they found a field much smaller a decade later to decide to produce from it instead.
Of course, there are millions of acres not yet explored.
We use about 6.6 billion barrels of refined petroleum per year. If my math is right, it takes 14.3 billion barrels of crude oil to make that petroleum.
If it you could pump out of ANWR, say 1.5 million barrels/day (what Prudhoe Bay did at peak), it would supply about 3.8% of our oil. However, oil is priced based on international supply (we even export some of our oil) and because those damned countries with nationalized oil production are prone to manipulation, we can expect that they’ll drop production to offset our increased production. This means a minimal price difference when all is said and done.
On the flip side, we wouldn’t be sending as much money overseas which is a plus. I’m not sure it is enough money to matter though.
The natural gas sounds nice, but again, I think the US uses about 23 trillion cubic feet per year. Plus they haven’t built that natural gas pipeline.
I know people are looking for a quick fix for our problems, but the US simply uses too much oil and it isn’t sustainable.
On the plus side the price of oil has dropped to $85 (down almost $70 from earlier this year) because of fears of a global recession and due to people consuming less oil in the US (down about 7%). Maybe that isn’t much of a plus.
Many thanks.
So far, so good - BP: Heavy oil flows from cold Ugnu formation during initial test at Milne
http://www.freerepublic.com/focus/f-news/2099481/posts
It is the percent recoverable that make a large difference. A change in technology can make the reserve numbers jump by being capable of getting more of the oil out that we already know about with infrastructure already in place.
Proved Reserves numbers like those I listed above are far less than the total amount of oil already discovered. It is only the oil discovered that we are capable of removing with today's technology.
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