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To: Snowshoe who wrote (275226)	10/19/2008 2:05:16 AM
From: KLP	1 Recommendation Read Replies (1) \| Respond to of 793975

Well, guess that's a start: Ultimately, Oooguruk is expected to yield 90 million barrels over 25 to 30 years. Does that mean EVERY year for that many years, or total over that number of years.... And yes, that's what I meant by "new exploration"....and "new drilling".... This link below says the US uses 19.6 million barrels per day...Maybe the rest of the world that consumes the things we make with a good deal of that oil, will have to wait until we become more energy efficient.... After all, the things we make consume energy including petroleum products. Oil Consumption in North America maps.unomaha.edu >>>>>U.S. Oil Production The United States produced enough oil to supply it's own demand until 1970, (Youngquist paragraph 6). In that year the U.S. had to start importing oil to meet the demand. The oil production for 2000 is expected to average 5.8 million barrels per day of crude oil. The production for 1999 was 5.9 million barrels per day. After the oil price collapse of 1985/1986, U.S. oil production declined dramatically. Oil production in 2000 is down by 24% from 1985. However, according to the Energy Information Administration (EIA), oil production is expected to increase by 70,000 barrels per day, or 1.1% in 2001. There is little to no chance of discovering any significant new onshore oil fields in the U.S. There is a good possibility of discovering major deposits of oil offshore, but offshore drilling has been banned in many areas. There are several good prospects far offshore that are open to exploration, but these are usually in very deep waters, and are extremely expensive to drill The U.S. produces 12% of the world's oil, and and this production is concentrated onshore, and offshore along the Texas Louisiana Gulf Coast, extending inland through west Texas, Oklahoma, and eastern Kansas. There are also significant oil fields in Alaska along the central North Slope.<<<<<