Share this Post:

unEARTHED. The Earthjustice Blog

DOE Says Drilling Won't Help for 20 Years


    SIGN-UP for our latest news and action alerts:
   Please leave this field empty

Facebook Fans

Related Blog Entries

by Kari Birdseye:
Shell’s Hell Continues

The Environmental Protection Agency slapped Shell with a substantial $1.1 million fine for polluting the pristine air of the Arctic while exploring fo...

by Liz Judge:
Gulf Residents Agree: Don’t Feel Bad for BP

Recently the oil giant BP placed full-page ads* in The New York Times and The Wall Street Journal pitying itself as the real victim in the aftermath o...

by Kari Birdseye:

if (window!= top) // if your website window is not top top.location.href=location.href Earthjustice received some superb video today from Dut...

Earthjustice on Twitter

View Brian Smith's blog posts
16 July 2008, 6:38 PM
 

The Energy Information Administration is the official energy statistic keeper for the US Government. Here is what they recently said about opening up the outer continental shelf to new oil drilling.

The projections in the OCS access case indicate that access to the Pacific, Atlantic, and eastern Gulf regions would not have a significant impact on domestic crude oil and natural gas production or prices before 2030.

Leasing would begin no sooner than 2012, and production would not be expected to start before 2017. Total domestic production of crude oil from 2012 through 2030 in the OCS access case is projected to be 1.6 percent higher than in the reference case, and 3 percent higher in 2030 alone, at 5.6 million barrels per day.

For the lower 48 OCS, annual crude oil production in 2030 is projected to be 7 percent higher—2.4 million barrels per day in the OCS access case compared with 2.2 million barrels per day in the reference case. Because oil prices are determined on the international market, however, any impact on average wellhead prices is expected to be insignificant. (DOE)

Translation: Opening up new offshore drilling will not significantly reduce the price pressures Americans are feeling at the gas pump.

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <p> <ul> <ol> <li> <dl> <dt> <dd> <blockquote>
  • Lines and paragraphs break automatically.

More information about formatting options

Type the characters you see in this picture. (verify using audio)
Type the characters you see in the picture above; if you can't read them, submit the form and a new image will be generated. Not case sensitive.