Our federal Energy Information Administration has reported that offshore drilling will have little effect on oil and gas production or on prices before 2030.
I accessed that source from the EIA website which lists official energy statistics from the US government.
Also I read this article. www.peakoil.org -
The article titled:
"Peak Oil: Life After The Oil Crash."
This is why I’m concerned!
Well, Chevy is going to release an Electric fuel cell car called the volt. T. Boone Pickens is creating the worlds largest wind farm in Texas. In Brazil they have created ethanol out of sugar cane(which creates a better fuel than the corn version) so alternative energies are not out of the question, just when will they become main stream.
February 17th, 2010 at 4:25 pm
Obviously, they are wrong. Even the ‘threat’ of domestic drilling has caused gas prices to drop by nearly fifty cents a gallon over the past month. The reason – as long as Democrats keep a lockdown on domestic production, foreign providers know they can soak us.
I like the progress the Bush Administration is making on Geothermal and Hydrogen energy. In cooperation with the EU and Iceland, he has kicked this nation in the direction of a carbon-free and totally renewable energy future.
References :
Geothermal Energy gets a boost from Google and the Energy Department
http://www.popularmechanics.com/science/earth/4279680.html
President’s Hydrogen Fuel Initiative
http://www1.eere.energy.gov/hydrogenandfuelcells/presidents_initiative.html
Ford E450 Shuttle buses powered by Quantum hydrogen injectors
http://www.autobloggreen.com/2007/01/25/ford-e450-shuttle-buses-powered-by-quantum-hydrogen-injectors/
In a first, Boeing flies hydrogen-powered plane
http://www.breitbart.com/article.php?id=080403162501.d2gts0go&show_article=1
Shell opens first Hydrogen fueling station in 2004 in Washington, D.C.
http://www.shell.com/home/content/hydrogen-en/news_and_library/pressreleases/2004/washington_0604.html
February 17th, 2010 at 4:36 pm
there have been significant advances and improvements in solar panels.
new ones are both cheaper, and more efficient. (ie produce more electricity / sq ft)
btw, increased production will make no difference in world prices.
the US produces something like 3% of the world oil.
even if we were to double that, which is laughable, saudi arabia would cut back, and prices would stay the same.
BUT, the US would have less in 20 years or so, when oil will be $1,000 – $2,000 a barrel.
it might not be the best idea ever, to burn it today at $100 a barrel.
References :
February 17th, 2010 at 4:45 pm
Yeah right, more oil on the market couldn’t possibly cause the price to go down, go figure.
So far I have not seen a single car hooked to either a windmill or a solar panel.
References :
February 17th, 2010 at 5:26 pm
I am sick of people saying that new drilling will take a decade or longer to get oil to market. In 2002-2003 Cianbro Corp. of Pittsfield, Maine built 2 offshore oil rigs to be set up off the coast of South America. They were built in the harbor in Portland, Maine and towed to their final destination. Construction took a year and a half, not 10 years. Allow another 6 months to get it on line and it takes 2 years.
As for increased refinery capacity the Modiva refinery in Texas is undergoing a major expansion from 285,000 barrels a day to 600,000 barrels. This is the volume equivalent of building a new refinery. Construction started in September 2007 and is scheduled for completion in 2010. That’s 3 years, not 10. I don’t know where you heard 2030, but what you heard is wrong.
References :
I know several people who worked building the oil rigs. The same company is working on the refinery.
February 17th, 2010 at 6:02 pm
Well, Chevy is going to release an Electric fuel cell car called the volt. T. Boone Pickens is creating the worlds largest wind farm in Texas. In Brazil they have created ethanol out of sugar cane(which creates a better fuel than the corn version) so alternative energies are not out of the question, just when will they become main stream.
References :