Quote:
Originally Posted by GatorB
Well I'm not making up anything. There are maybe at most 10.4 billion barrels of oil there. We currently use 24 million a day. Do the math. 24 million divided by 10.4 billion = 433 days worth of oil. Of course you can't get all the oil out at once and if you spread it out over 25 years that area would supply about 4% of our oil needs daily if our needs didn't increase over the next 25 year which they would. Everyone drivng a car that got 32 MPG would save more barrels of oil that that.
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the purpose of the production is not to be the sole source of oil - but to further increase domestic production and create a larger buffer against OPEC and other not-so-friendly oil producers. The more sources - the more stable the price.