Last year, American oil production reached its highest level since 2003. Let me repeat that. Our oil production reached its highest level in seven years. Oil production from federal waters in the Gulf of Mexico reached an all-time high. For the first time in more than a decade, imports accounted for less than half of what we consumed. So any notion that my administration has shut down oil production might make for a good political sound bite, but it doesn’t match up with reality.
Barack Obama, apparently forgetting that the facts do not matter. Without a coordinated messaging system to repeat this all day every day for 10 years it won’t even make a dent.
But, since we’re pretending facts are things that can be reported on, let’s add: “drill baby drill” won’t and can’t work. There isn’t enough oil in all of ANWR to make a dent in global demand, even if removed today by magic and all at once. As it stands, the best estimates of full production there would be between 0.4 and 1.2 percent of total world oil consumption in 2030. Read: not enough to matter, ever, under any imaginable circumstances on the global market as we know it. But why let that kind of crap thinking get in the way of national energy “policy?”
Every drop of oil in US territory that is thought of as technically recoverable (read: the over optimistic blue sky estimate) amounts to about 134 billion barrels; surely Sarah and the rest of the hockey Moms out there can get most of that extracted for us by tomorrow and all will be well with the world and gas will never rise above $1 a gallon again!
Oh, by they by, we used 20,680,000 bbl a day in 2007. Why, that means there’s US black gold enough to last us clear through 2014 if we really watch it and know-how our way to new and exciting technologies.
But: yawn. Charlie Sheen, everyone!
But, since we’re pretending facts are things that can be reported on, let’s add: “drill baby drill” won’t and can’t work. There isn’t enough oil in all of ANWR to make a dent in global demand, even if removed today by magic and all at once. As it stands, the best estimates of full production there would be between 0.4 and 1.2 percent of total world oil consumption in 2030. Read: not enough to matter, ever, under any imaginable circumstances on the global market as we know it. But why let that kind of crap thinking get in the way of national energy “policy?”
Every drop of oil in US territory that is thought of as technically recoverable (read: the over optimistic blue sky estimate) amounts to about 134 billion barrels; surely Sarah and the rest of the hockey Moms out there can get most of that extracted for us by tomorrow and all will be well with the world and gas will never rise above $1 a gallon again!
Oh, by they by, we used 20,680,000 bbl a day in 2007. Why, that means there’s US black gold enough to last us clear through 2014 if we really watch it and know-how our way to new and exciting technologies.
But: yawn. Charlie Sheen, everyone!
Lemkin 