Energy Tomorrow Blog
Posted March 16, 2012
Yesterday President Obama gave a campaign speech centered around energy policy. In it he said:
“There’s a problem with a strategy that only relies on drilling and that is, America uses more than 20 percent of the world’s oil. If we drilled every square inch of this country -- so we went to your house and we went to the National Mall and we put up those rigs everywhere -- we’d still have only 2 percent of the world’s known oil reserves. Let’s say we miss something -- maybe it’s 3 percent instead of two. We’re using 20; we have two. Now, you don’t need to be getting an excellent education at Prince George’s Community College to know that we’ve got a math problem here. I help out Sasha occasionally with her math homework and I know that if you’ve got two and you’ve got 20, there’s a gap. (Laughter.) There’s a gap, right?”
Posted March 14, 2012
Posted March 13, 2012
Opponents of increased domestic oil production like to portray the U.S. as being helpless in the face of worldwide events. This argument sometimes takes this form:
… with only 2% of the world’s oil reserves, we can’t just drill our way to lower gas prices – not when consume 20% of the world’s oil.
Posted March 5, 2012
Posted February 22, 2012
Remember how opponents of greater access to U.S. oil and natural gas resources scoffed at the idea of developing reserves in remotest Alaska, saying the oil would take 10 years to come online and therefore wouldn’t help crude supplies in the Lower 48?
Guess what: We’re there. It’s 10 years later, and those reserves in Alaska are still waiting to be tapped – even as Washington enters another round of finger-pointing over energy.Here’s an indisputable point: If access to an airport-sized swatch of the 19-million-acre Arctic National Wildlife Refuge (ANWR) had been granted a decade ago, a million barrels of oil per day could be part of America’s supply equation instead of an academic debating point.
Posted June 28, 2011
Posted June 24, 2011
alaska anwr biofuels canada canadian oil sands diesel domestic energy drilling eia energy information administration energy policy exxonmobil gulf of mexico heating oil keystone xl pipeline liquid fuels offshore drilling moratorium increased access
Posted June 17, 2011
Posted May 16, 2011