In today’s morning news roundup, lowkell included a Virginia Pilot article that dealt with developments in oil exploration off the US East Coast, including Virginia’s Atlantic coast.
Here’s the link:
http://hamptonroads.com/2014/0…
Buried in the article is this comment:
According to The Associated Press, oil lobbyists claim that 4.72 billion barrels of oil and 37.51 trillion cubic feet of gas are beneath the ocean from Florida to Maine. Industry officials say that could generate $195 billion in investment and spending by 2035.
WOW!!! 4.72 BILLION BARRELS OF OIL!!! WE ARE SWIMMING IN OIL . . . who needs to import oil when we can pump enough from the East Coast to keep the SUV’s running for a century or more.
On top of that, there may be 37.51 TRILLION CUBIC FEET OF NATURAL GAS!!!
YEEEHAAAAAAAAAAAAAAAA!
Oh, but wait a minute . . . not so fast there.
According to the US Energy Information Administration, the USofA uses, EACH YEAR:
— 6.89 billion barrels of petroleum, and,
http://www.eia.gov/tools/faqs/…
— 26.03 trillion cubic feet of natural gas
http://www.eia.gov/tools/faqs/…
So — the Atlantic Coast has LESS THAN ONE YEAR’S SUPPLY OF OIL and ABOUT A YEAR-AND-A-HALF SUPPLY OF NATURAL GAS.
And for this we will wreck our tourism industry — pollute the beaches and water — has anyone seen an onshore-support base that feeds fuel, drill mud, pipe, people, and the like out to the drill rigs — has anyone checked the availability of drill rigs — or should I just sit down and shut up?
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