[mos6507]

Drilling the US for more oil may help the downward slide, but if it isn't backed up by mandatory, and I do mean mandatory, mitigation efforts, then all it is doing is kicking the can down the road a bit. The end result will be the same.

I think the natural order of things in the free market is to wring every last second out of the oil age and not to move towards renewables. So I expect no real difference in the collapse by drilling every last spot we can other than the exact date of TSHTF, which will still arrive soon enough for us to be concerned about it. There is illusion that sweeps over us that if we hit enough of a big new oil deposit that it will somehow last us so long that we can just forget about our problems and keep going like oil will never end.

So I think the Roscoe Bartlett proposal to tightly couple scraping the bottom of the barrel of US production with a push towards renewables is exactly what is needed.

[MonteQuest]

$this->bbcode_second_pass_quote('Cashmere', ' ')Domestic production peaked in '71. No more drilling will substantially change that. ANWAR is only 1 year supply of oil at current usage rates, the last I heard. Offshore is difficult to drill, hard to extract. Of course the oil would "go to the world market", given that we import a massive amount of oil.

[BigTex]

$this->bbcode_second_pass_quote('guadua', 'I') realized coming to this forum would be like going to a polygamist camp and trying to change their mindset. I guess you have to reread until it sinks in. I'll go sail off the edge of the world now....

[TheDude]

Feel free to search the archives for more Helium-3 discussion, guadua. We've even crunched the numbers in detail; by this stage as you can see the notion of trying to mine on the moon is greeted with heaps of scorn, as it should be.

We do have a thread going on cold fusion, and have discussed things like the Polywell reactor. Real long shots, and even if they prove viable we're stuck with a liquid fuel transportation fleet for the time being.

Today I added a great quote from Colin Campbell to my sig which underscores the paucity of new discoveries to be had. Even a big field on the US offshore will just flatten out our decline, as Monte says; wouldn't that money be better spent on transitioning off such high use of energy in the first place? Unfortunately oil companies are basically one trick ponies. Monte didn't even bring up the prospect of producing nations seeing the writing on the wall and holding back on exports for economic gain.

[Cashmere]

$this->bbcode_second_pass_quote('MQ', 'C')orrection:

Any new U.S. oil would simply lower the rate of growth of oil we import. No amount of drilling anywhere in the US will reduce our dependency upon imported oil.

[fletch_961]

$this->bbcode_second_pass_quote('', 'B')y 2025, the US is projected to consume 30 mbpd at a 1.7% annual growth rate. ( that growth rate may not occur)

[The_Virginian]

Look, I'm all for drilling of the florida coast.

To #ell with the greenie weenies who have blocked it for such a long time...

Look at all the good stuff found off BRAZIL"S Coast (33 GB in one find!!!) .

Of course as others pointed out, it's just a DELAY for the inevitable...

But a delay could be GOOD for developing a source of energy that might take us into the next era...

But untill we drill, we can't be sure exactly WHAT is there...or NOT...
IMHO, much of this "Evironmental" issues is just a plan to put this aside for a rainy day...problem is we need it NOW.

[MonteQuest]

$this->bbcode_second_pass_quote('fletch_961', '')$this->bbcode_second_pass_quote('', 'H')igh oil prices and high Corporate Average Fuel Economy (CAFE) standards are projected to restrain the growth in future U.S. liquid fuels consumption. In the AEO2008 reference case, total U.S. liquid fuels consumption grows slowly from 20.7 million barrels per day in 2006 to 22.8 million barrels per day in 2030. Lower projected U.S. liquid fuels consumption results in ANWR oil production causing a larger percentage reduction in future oil and liquid product imports than was the case in prior ANWR analyses conducted by EIA.

[MonteQuest]

$this->bbcode_second_pass_quote('The_Virginian', 'L')ook, I'm all for drilling of the florida coast.

To #ell with the greenie weenies who have blocked it for such a long time...

Look at all the good stuff found off BRAZIL"S Coast (33 GB in one find!!!) .

Of course as others pointed out, it's just a DELAY for the inevitable...

But a delay could be GOOD for developing a source of energy that might take us into the next era...

But untill we drill, we can't be sure exactly WHAT is there...or NOT...
IMHO, much of this "Evironmental" issues is just a plan to put this aside for a rainy day...problem is we need it NOW.

[fletch_961]

Yes, Monty, the EIA, the same organizations that says that world consumption of liquids (energy) will near double by 2030. The same organization that just changed their projection by ~25%. Let's use their estimate to demonstate how small a million barrels a day is.

You do believe in peak oil don't ya?

Lets see, if $3 gas got them to change their projections by 8 mbpd I wonder what $10 gas will do?

Of course, if you think (don't believe in peak-oil) then you are right, a million barrels is peanuts.

So, feel free to quote the EIA.

1990-2030 (quadrillion btus)
Total World
Liquids 136.2 161.9 168.2 187.3 205.2 223.5 243.5 265.5 1.8%APR
Natural Gas 75.2 99.8 103.4 122.5 139.1 155.0 170.8 189.0 2.3%APR
Coal 89.4 105.6 114.5 138.2 156.8 177.2 198.5 220.6 2.6%APR
Nuclear 20.4 26.4 27.5 29.8 32.8 35.7 38.8 40.9 1.5%APR
Other 26.2 32.1 33.2 40.8 44.5 48.3 52.8 57.2 2.1%APR
Total 347.3 425.7 446.7 518.6 578.4 639.8 704.4 773.3 2.1%APR

No need to drill ANWR we'll have plenty according Monty and EIA.

$this->bbcode_second_pass_quote('', 'W')e will still import more oil in 2030 than now.

[Dreamtwister]

$this->bbcode_second_pass_quote('MonteQuest', 'I') guess you and Ben Stein are in the same camp.

$this->bbcode_second_pass_quote('', 'A')nd we need to drill on the continental shelf, even near where movie stars live. This must be done, on an emergency basis. If we keep acting as if the landscape were more important than human life, we will make ourselves the serfs of the oil producers and eventually reduce our country to poverty and anarchy.

[KingM]

When the crisis gets severe enough, all those areas will become open to drilling. I think we'll be glad we saved them for when oil was expensive.

[vision-master]

$this->bbcode_second_pass_quote('KingM', 'W')hen the crisis gets severe enough, all those areas will become open to drilling. I think we'll be glad we saved them for when oil was expensive.

[MonteQuest]

$this->bbcode_second_pass_quote('fletch_961', 'Y')es, Monty, the EIA, the same organizations that says that world consumption of liquids (energy) will near double by 2030. The same organization that just changed their projection by ~25%. Let's use their estimate to demonstate how small a million barrels a day is.

You do believe in peak oil don't ya?

Lets see, if $3 gas got them to change their projections by 8 mbpd I wonder what $10 gas will do?

Of course, if you think (don't believe in peak-oil) then you are right, a million barrels is peanuts.

[fletch_961]

I guess the same could be said about pretty much every oil field left on the planet.

We should just cut the cord on any field not up to your standards.

[TheDude]

$this->bbcode_second_pass_quote('', 'B')y JAD MOUAWAD and MARTIN FACKLER
Published: June 19, 2008

As President Bush calls for repealing a ban on drilling off most of the coast of the United States, a shortage of ships used for deep-water offshore drilling promises to impede any rapid turnaround in oil exploration and supply.

In recent years, this global shortage of drill-ships has created a critical bottleneck, frustrating energy company executives and constraining their ability to exploit known reserves or find new ones. Slow growth in oil supplies, at a time of soaring demand, has been a major factor in the spike of oil and gasoline prices.

Mr. Bush called on Congress Wednesday to end a longstanding federal ban on offshore drilling and open the Arctic National Wildlife Refuge for oil exploration, arguing that the steps were needed to lower gasoline prices and bolster national security. But even as oil trades at more than $135 a barrel — up from $68 a year ago — the world’s existing drill-ships are booked solid for the next five years. Some oil companies have been forced to postpone exploration while waiting for a drilling rig, executives and analysts said.

Demand is so high that shipbuilders, the biggest of whom are in Asia, have raised prices since last year by as much as $100 million a vessel to about half a billion dollars.

[Plantagenet]

What the world needs now
Is drilling ships
Sweet drilling ships
Thats the only thing
That theres just
too little of.

[Ludi]

I thought it was environmentalists getting in the way of drilling.

[TheDude]

Lord, we don't need another Ghawar
There are fields and reservoirs, enough to pump.
There are tar sands, and shale oil
Enough to extract, oh Listen Bush
If you want to drive.

Click here if you're confused

[Homesteader]

$this->bbcode_second_pass_quote('Ludi', 'I') thought it was environmentalists getting in the way of drilling.