“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
Oil and gas together. I think they use the energy of natural gas measured in equivalents of oil barrel for this type of comparison.
Current US crude oil production is about 5.1 MMBPD
US Crude Oil Production by State:
http://tonto.eia.doe.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_m.htm
Ah yes...if it's not a panacea, it's not worth doing...the mantra of no-growthers everywhere.
Because, you see, there are no panaceas in life...so those who insist upon them are actually advocating that nothing should be done at all.