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To: Siena Dreaming

I wrote the following on another thread regarding the impact of the civil war in Libya on the price of oil (and our gas):

A quick search found that Libya produces almost 2% of the world’s supply of oil, with production of about 1.6 million barrels a day.

The U.S. produces something like 5.5 million barrels a day, with the North Slope alone at 1.5 million a day. The small area to drill at ANWR (now off-limits) is estimated to peak at production of almost 0.9 million barrels a day.


44 posted on 02/25/2011 12:10:47 PM PST by 21twelve ( You can go from boom to bust, from dreams to a bowl of dust ... another lost generation.)
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To: 21twelve

Thanks for the info.


45 posted on 02/25/2011 12:14:49 PM PST by Siena Dreaming
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To: 21twelve
with the North Slope alone at 1.5 million a day

That is an old number.


47 posted on 02/25/2011 12:57:48 PM PST by thackney (life is fragile, handle with prayer (biblein90days.org))
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