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I think I just found the "Big Oil - Play Book" (Drilling ANWR=big $$$)

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Up2Late Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-16-05 11:55 PM
Original message
I think I just found the "Big Oil - Play Book" (Drilling ANWR=big $$$)
<>

To get it you have to go to this page:
<http://www.eia.doe.gov/oiaf/aeo/index.html>

and click on the PDF file titled "Complete Annual Energy Outlook 2005 Publication" under the heading "Table of Contents"

In PDF file format

From Page 111

Crude Oil Production in Alaska
Depends on Oil Prices

Alaskan crude oil production originates mainly from
the North Slope, which includes the National Petroleum
Reserve-Alaska (NPR-A) and the State lands
surrounding Prudhoe Bay. Because oil and gas producers
are prohibited from building permanent roads
in NPR-A, exploration and production are expected to
be about 30 percent more expensive than is typical for
the North Slope of Alaska.
Because drilling is
currently prohibited in the Arctic National Wildlife
Refuge (ANWR), AEO2005 does not project any production
from ANWR; however, an EIA analysis <142>
projects that if drilling were allowed, production
would start 10 years later and reach 900,000 barrels
per day in 2025 if the area contains the mean level of
resources (10.4 billion barrels) estimated by the U.S.
Geological Survey
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dandrhesse Donating Member (500 posts) Send PM | Profile | Ignore Thu Mar-17-05 12:03 AM
Response to Original message
1. Yep, you got that right, the only thing he's ever been good at
drilling and drilling and drilling, finding nothing and making money for it til it caught up with him. So he and his cronies want to drill the crud out of alaska and stick us all with the bill and they don't really give a rat's ass whether they actually hit it or not. Arbusto on an international scale.
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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-17-05 12:06 AM
Response to Original message
2. 10.4 billion barrels?
Isn't this info in direct opposition to the reports that ANWR would only supply 6 months worth of oil?

I didn't load the PDF, but I will when I get time. I'd be curious to see if it says anything about the kind of crude they expect to find. I've heard several times that Ak. oil is mostly sold to Japan because it's not very compatible with the US kind of refining.

It wouldn't surprise me that ShrubCo would inflate the crude prices just to get his ANWR program approved.
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Up2Late Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-17-05 12:08 AM
Response to Reply #2
3. But those 6 month are in 2025
according to this " Energy Outlook":evilgrin:
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Fovea Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-17-05 01:07 AM
Response to Reply #3
5. and how many euros/bbl in 2025
it is an end game strategy.
The deep end game goes back to the 70's when the Oil oligarchs
finally accepted the curve.

That was also when the middle east got a clue about both their power and their limitations vis a vis America.

We need to break this short sighted global 19th C. Oil Trust stylee end game by reaching energy self reliance. Oil must step aside to a large degree in America. So must natural gas. We will need these for raw materials and agriculture in the 21st century of freak weather, changing temp and precip patterns, not for motive energy, or home heating, but for ammonia. Both pharm and farm, as it were needs carbon economy resources.

The nineteenth century got around with far less energy consumption by using rail and trolley. We need to look at trading some potential driving speed and marginal benefit for a real and complete public transit system.

Because we need the efficiency rail can give us, we need it badly, and don't really recognize it yet, it would be criminal to let Amtrak die.

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Old and In the Way Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-17-05 12:24 AM
Response to Reply #2
4. It might contain it, but that doesn't mean it's cost effective to extract
it. Probably, there's a whole lot less oil that can be efficiently siphoned.
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lostinacause Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-18-05 01:52 AM
Response to Reply #2
7. The more important number is the 0.9 million barrels per day.
America's current production is around 6 million barrels per day and is expected to decline. That means that the ANWR project would add at least 15% to total production. As you can tell this is quite substantial. This is why the majority of Alaskans want it to go through. Last I heard there was no state income tax in Alaska. Oil is the reason why.

The critical number for relating oil production to consumption is net import so it doesn't really matter where it is going.

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mhr Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-18-05 02:09 AM
Response to Reply #2
8.  ANWR Holds Between 6 and 16 Billion Barrels Of Oil
The world uses 80 Million Barrels of Oil per day.

6 Billion barrels = 75 days of world supply

16 Billion barrels = 200 days of world supply

The US uses 20 Million Barrels of Oil per day.

6 Billion barrels = 300 days of US supply = .83 years

16 Billion Barrels = 800 days of US supply = 2.2 years

It will take 5-10 years before a drop of this oil hits a refinery.

Hardly seems worth the effort when raising the CAFE standards would save more than we get with drilling.
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Up2Late Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-17-05 07:20 PM
Response to Original message
6. Kick n/t
:kick:
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