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Politics : Formerly About Advanced Micro Devices
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To: steve harris who wrote (357290)11/7/2007 12:17:43 PM
From: RetiredNow  Read Replies (3) of 1573125
 
Sure, Steve, if 1-2 million extra supply would solve our problem. However, it won't. We consumer 20+ million barrels a day of oil. We produce 5 million. So we have a 15+ million barrel a day import problem. I challenge you to find a single oil exec in the U.S. who thinks the U.S. can find and control 15+ million barrels a day of new domestic supply. Not going to happen.

So drilling more isn't going to solve the big problem. This goes back to scientific theory and Sig Sigma techniques. If you have a problem, then go after the 2-3 issues that are causing 80% of the pain (Pareto Principle). In our case, the single largest consumer of oil in our economy is the transportation sector...trucks and cars. I read somewhere that 2/3 of the oil we consume is by this sector. So if we doubled our average mpg from 20 to 40, then we could potentially reduce oil consumption by (2/3 * 20 * 1/2) ~7 million barrels a day. If everything went plug-in hybrid, we could move up that average to 100 mpg (see figures on VOLT and Tesla). If we did that, then we could reduce oil consumption by ~11 million barrels a day.

Let's focus on the things that will really make a difference, not the penny-ante crap like drilling in ANWR, which will only get us a tiny improvement in our supply picture.
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