Add It Up: Black Gold, Tifton Tea
June 29, 2008 at 5:35 am by Thomas Wheatley in Add it upEarliest date new U.S. offshore drilling might produce oil for market: 2030
Earliest date oil from the Alaskan National Wildlife Refuge might produce oil for market: 2018
Estimated amount offshore and ANWR drilling will lower the price of gasoline per gallon in 2025: 3.5 cents
Barrels of oil Americans use daily: 21 million
Barrels of oil Tifton agricultural scientist J.C. Bell says he can produce annually using bio-mass (non-food plant materials): 5 billion
Percent of current U.S. oil consumption 5 billion barrels equals: 65
Annual budget of Bell’s research facility: $60 million
Exxon-Mobil’s average daily profit during the first-quarter of 2008: $119.3 million
Sources: U.S. Department of Energy, Bell BioEnergy Labs, Tifton Gazette, CNNMoney.com
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June 29th, 2008 at 6:55 pm
Heaven forbid that we actually think long term.
Earliest date oil would flow from ANWR had we utilized the area SET ASIDE for oil by Jimmy Carter: about 1989
Earliest date of oil from offshore drilling if we were more concerned with fuel costs than Florida tourism : about four years ago
Estimated accuracy of price predictions: you mean the same people who didn’t predict $ 140/barrel oil two years ago can accurately predict gas prices in 2025?
Earliest date for reasonable alternatives: uhhh, in years or decades?
Just admit that you oppose drilling no matter what anybody says and I can at least respect the honesty.
June 30th, 2008 at 9:28 am
OK, Dale, I admit it. I oppose (almost) all new drilling.
June 30th, 2008 at 9:39 am
I don’t oppose all new drilling.
I oppose our nation’s short-sighted, almost-suicidal energy policies.
June 30th, 2008 at 12:43 pm
I love he way you guys ‘fess up :-)
I also oppose our stupid-ass energy policies. We should drill (short term), conserve (mid-term) and innovate alternative sources (long term).
June 30th, 2008 at 3:07 pm
But, Dale, didn’t you just indicate earlier that drilling was a “longterm” solution? If it’s not midterm and not longterm, and it certainly isn’t short-term (because we couldn’t get the pumping through our veins for at least five years), ergo ipso facto therefore and whereas, it ain’t no solution at all. Here’s how to use less oil: Drive less!
June 30th, 2008 at 4:34 pm
Depends on what you mean by “short” term :-)
Love the Latin BTW, except for the nightmare I am guaranteed to have tonight where I wake up knowing I didn’t study for my HS Latin exam.
August 24th, 2008 at 8:19 pm
Fact error on time to drilling. Existing wells off California were shut off due to the drilling moritorium. The infrastructure is still in place and could beging pumping in a matter of months, not years.
In the Santa Barbara area, local enviromentalists are calling for drilling to start up. The oil is naturally seeping out of the rocks and spoiling the coastline. They want oil wells to start pumping down the oil table.
Don’t know if this box will let me post html so I will leave a bare link to the story on the WSJ and then attempt a hyperlink
http://online.wsj.com/article/SB121936878285762399.html?mod=googlenews_wsj
Link
Merrill
Valdosta, GA