Date registered: Sep 2004
Vehicle: 83 Astral Silver 280 SL
Location: Planet Houston
Mentioned: 0 Post(s)
Quoted: 7 Post(s)
According to strict supply and demand calculations you would be correct. The problem is with your numbers.
First off I am talking about US needs not World needs.
Second That number comes from "Known" or "Proven" reserves. It does not count Shale Oil in Colorado for example, or even places like ANWR or the Continental Shelf because we have not been allowed to even look. What little Seismological studies were done (before they were outlawed) shows ANWR alone is estimated at 500 million barrels per year. That is roughly a million barrels a day to help defray the 13.21 million BBL (60% of our daily supply) per day we import. So what does offshore California, and Offshore Florida hold?
The simple fact is that if we were allowed to drill in our own backyard we would see energy independence from Foreign Oil on the order of 7-10 years.
Who says we have "not been allowed to even look"?
Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.
-President Barack Obama, 1st Inaugural address