SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Actual left/right wing discussion -- Ignore unavailable to you. Want to Upgrade?


To: J_F_Shepard who wrote (3679)10/29/2006 5:45:31 PM
From: mistermj  Read Replies (3) | Respond to of 10087
 
Of course we aren't drilling enough...production declined because of economics and politics...not lack of oil.

---------------------------------------------------

Much of America's remaining large deposits of oil and natural gas lie offshore. Unfortunately, other than portions of the Gulf of Mexico, coastal areas are off-limits to new oil and gas exploration and production due to various federal moratoria

The Interior Department's Minerals Management Service (MMS) has estimated that the U.S. Outer Continental Shelf (OCS) contains:

More than 85 billion barrels of oil, quadruple current U.S. reserves.
More than 419 trillion cubic feet of natural gas.


ncpa.org