Add It Up: Black Gold, Tifton Tea
Sunday, June 29th, 2008Earliest 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
