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Energy Tomorrow Blog

Oil Supply – Yes We Can

access  anwr  crude oil  domestic energy  liquid fuel  oil  oil supply  onshore 

Kyle Isakower

Kyle Isakower
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.

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A Decade Later, Still Waiting on ANWR’s Oil

offshore drilling  energy policy  domestic energy  anwr  access  onshore drilling 

Mark Green

Mark Green
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.

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Graphically Speaking: Producing Oil on Federal Lands

oil production  federal onshore lease  federal leases 

Mark Green

Mark Green
Posted January 24, 2012

One of the most important things to know about producing oil on federal lands is that it takes time. Lots of it. As this chart developed by API illustrates, it’s up to a decade from the time a lease is won at auction to the first actual production of oil. If you include pre-lease sale studies and evaluation, which have to be done before companies bid on federal leases, that’s a couple more years.

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