10 billion barrels would take care of the US needs for one year. However it will be 10 years before the first barrel can be produced and 50 years to produce 10 billion from the field.
I didn't know the US was consuming over 27 million barrels per day. But assuming you were correct, what point(s) were you attempting to make?
;>)
Why does it take 10 years to start an oil well?
That "ANWR oil will only supply the US with one year of oil" is... poppycock. It's based on ONLY using the Alaska oit and NO OTHER source - Canada, Russia, Mexico, Middle East, etc. - at that time.
Actually, the best plan is to prepare ANWR and ALL other possible US land and off-shore oil reserves to pump but use it as a threat:
If one of our foreign oil suppliers hikes prices too much, we threaten to use our own oil for a full year (and sell to their competitors below market value). You'll see the price dive then.
But, we have nothing to bargain with if no pipelines are ready.
(Something is wrong when you have the resources to resolve a problem and you don't.)
http://www.freerepublic.com/focus/f-news/1619147/posts
;>)
However it will be 10 years before the first barrel can be produced and 50 years to produce 10 billion from the field.
Add 2 or 3% to the worlds supply of oil and watch the price drop like a rock.