When running at full tilt, Thunder Horse alone will increase overall U.S. oil and natural gas production by 3.6 percent.
http://www.rigzone.com/news/article.asp?a_id=63103
Yep, we're having a celebration on July 3rd here on the Mississippi Gulf Coast. Go Thunder Horse!
“When running at full tilt, Thunder Horse alone will increase overall U.S. oil and natural gas production by 3.6 percent.”
If “full tilt” is 250,000 bpd, that means that current US production is around 7 million bpd? I didn't realize it was still that high.
Of course you know what the Democrats will say - it won't replace all our oil imports.
The thing is, I've seen estimates that ANWR, when running full tilt, might produce as much as a million bpd, that the Bakken could produce a couple million bpd. I imagine drilling off the east and west coast might add similar amounts (hundreds of thousands or more bpd). And it starts to add up.
To paraphrase Everett Dirksen, a million bpd here, a million bpd there, pretty soon, it adds up to real oil.
And a very significant percentage of our current imports.
sitetest
That says it all. Great post.