The quote is on the top, and my answer below. They dont like my ideas and Im going to retire from talking about it. It scares me that so many folks just aren't going to see this coming, they really have no clue as evidenced by this guys look at our "Energy Independence".
Here it is:
[quote=Rodney_Wren]
We use about 8.4 Billion Barrels per year for total oil independence.
800 billion in the oil shale + 59 billion known reserves offshore = 859 billion barrels of oil = 102 YEARS of oil.
How much do we need???????
That doesn't count the stuff in Alaska.
I think 100 years of oil will get us to the next level of technology. Hey - probably in less than 30 year I won't have to worry about it anymore.
[/quote]
Ahhh, here your missing the boat Rodney. It doesn't work like that.
Lets say that optimistically you can get 2 million barrels of oil per day out of Shale. Another million from ANWR, and another million barrels of oil per day from offshore growth.
I don't know If you've looked into it(I have) but that is going to take at least 10 years, optimistically. During that time our internal existing declines will have brought us down to somewhere around 4mbpd, If we are lucky.
So internally you have 4 and lets say just for kicks, we find a whole lot more oil and can go after it almost overnight, AND we double the numbers I put up above! DOUBLE!
That brings the US grand total to 12mbpd and totally whacks our decline, putting us into a new paradigm of world production! Greater than the Saudi's, Russia, Mexico, or the North Sea!
Guess what? You still need to import 10-11 million barrels per day to meet projected demand.
You are not making up that deficit with anything else. Alternatives cannot do it, maybe part, but the lions share still remains. All this on top of some magical hope that all world production undergoes some miraculous shift to enough growth to overcome their own decline!
So we may have hundreds, or even many hundreds of years of oil left, but what matters most, what trumps all the optimism, is extraction rates. Its the 800 lb Gorilla that knocks economies and societies on their ass since we didn't plan for it. Things had to have changed before we got to where we are. Its that simple, and its that ugly.
And that is why this time around is like no other time in the history of oil production. We got ringside seats!








Best thing to do is to try and see things from all possible viewpoints, otherwise you're just looking for a boost to your ego.