US Oil Consumption and Anwar
20.5 million barrels/day of oil is used in the US, or 7.4 billion barrels/year
Drilling in Anwar may provide 10 billion barrels of oil, maybe more, possibly less.
Peak production form Anwar will occur in 2025, with a peak output of 876,000 barrels per day. Thus, we have roughly 3 years of oil, assuming consumption can be held at 2004 limits, 20 years from now.
Its also assumed that oil will be at $27/barrel in 2025 and that the small dent created by Anwar may cause a global price shift of under $0.50/barrel. Hmmm, our internal supplies drop multifold in years before that, and its going to be 50% less than it is now, and our consumption will remain at the same as it was in 2004.
Does anyone see how misguided and what a porker Anwar drilling is, and thats outside of any environmental issues.
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