The Democrats in Congress used the number when people were advocating to drill here back when oil was at $147 a barrel. They complained that we couldn’t solve current problems with more drilling because it would take ten years to get oil out of a new well. Well, now here is a problem that is nine years out.
Well now, with oil at $40.00 the will not be a greatly expanded effort to drill into new areas in the U.S. Instead we will continue to drill in Texas and Louisiana where it is cheap and continue to buy more oil from other countries.
The ten year line by the Dems was B.S. and could only include exotic offshore platforms in areas that there has not been drilling. And that in itself would only be a small portion of domestic E&P.