View Full Version : Obama wants to cut oil imports by 1/3 by 2021
03-30-2011, 08:47 AM
Reuters via Chicago Tribune - March 30, 2011
While reducing imports is nice, what about reducing consumption? -Ed
President Barack Obama will set an ambitious goal Wednesday to cut oil imports by a third over 10 years, focusing on energy security amid high gasoline prices that could stall the U.S. economic recovery.
Obama will outline his strategy in a speech after spending days explaining U.S.-led military action in Libya, where fighting, accompanied by popular unrest elsewhere in the Arab world, has helped push gasoline prices toward $4 a gallon.
The White House says this is a deliberate turn toward energy security by Obama and will be followed by other events to highlight his strategy.
“He’ll be laying out the goal … that in a little over a decade from now we’ll reduce the amount of oil we import from the rest of the world by about a third,” a senior administration official told reporters.More (http://chicagobreakingbusiness.com/2011/03/obama-energy-plan-cut-oil-imports-by-a-third.html)
03-30-2011, 09:19 AM
That's great, but... how?
03-30-2011, 09:39 AM
E35 here we come.... :)
03-30-2011, 09:46 AM
If the E is from cellulose, I'm ok with that.
03-30-2011, 10:25 AM
hope this is more than a get ready for high summer gas prices speech
03-30-2011, 10:27 AM
It's going to be typical centrism.
Invest in EVs and alternative fuels.
Encourage exploitation of US oil reserves.
Here is a little rough draft I have been working on for a future story but it fits here… The key number is total reserves of crude. While we have shale and coal etc, they take energy to extract fuel which would better be used to power an EV directly.
The North Slope currently produces about 630,000 barrels of oil per day – about 9% of total U.S. output and 3% of total use.
Alaska's Prudhoe Bay:
In 1974 the State of Alaska's Division of Geological & Geophysical Surveys estimated that the field held 10 billion barrels of recoverable oil from a total of 25 billion barrels.
1977 the Alaska Pipeline opened and pumping began.
Peak at ~ 2 million barrels per day occurred in 1998 and it has been dropping steadily since.
To date, Prudhoe Bay has
Produced: ~ 11 billion barrels
Total recoverable: ~ 13 billion barrels
Remaining recoverable: ~ 2 billion barrels
Gulf of Mexico or (GOM):
Gulf of Mexico offshore oil production is ~ 1.6 million barrels per day or ~ 509 million barrels per year (2009).
Reserve estimates are ~ 3.8 Billion barrels
** At current production of 500 million barrels per year, the GOM will run out in < 8-years.
*** At current consumption of 18.8 barrels per day (6.8 billion barrels per year) a total of < .6 years.
US Total Reserves are estimated at 20.6 Billion barrels or enough to last the US at current consumption of 18.8 barrels per day (6.8 billion barrels per year) a total of < 3 years.
03-30-2011, 12:49 PM
Indeed a noble goal with a much merit but I share the skepticism of the "how". It is not that it cannot be done. It is just that I see little to no political-good-will needed for the level of cooperative work it requires.
More depressing yet is that despite the never ending assertions that domestic production will do next to nothing to alleviate the insatiable appetite for gasoline, the relentless push in that direction continues to be solely a political imperative. :(
You would figure that there is always much to gain from dropping a bad habit earlier rather than later, but there are still too many of us that would just like to look for new ways to continue feeding the bad habit instead of just quitting or replacing it gradually for something less harmful. :ccry:
03-31-2011, 08:42 AM
That's great, but... how?
lol.... the oil companies can just open the spigot on the wells here in the USA. the price of oil is being controlled at the refineries. http://www.heatingoil.com/blog/refineries-shut-down-cutting-inventories-and-jobs-1013/ all this mid-east nonsense is gov/oil company propaganda. we could tell the mid east; "SHOVE IT" and be just fine but there's no money in doing so.
we all saw how just ONE blown well in the gulf, gushed for MONTHS. they capped it and it's still a viable resource. THERE IS NO SHORTAGE OF OIL IN THE USA. OIL IS NOT A FOSSIL FUEL. IT'S ALL A GIGANTIC CON.
the price of oil began to skyrocket when the oil companies began shutting down refineries, for "routine maintenance, remember?
Throughout the history of the petroleum industry, there have been written numerous articles or reports predicting an imminent demise of that industry all predicated upon assumptions that the supply of producible crude oil in the wor ld was (supposedly) being rapidly depleted and would soon (therefore) be exhausted.(Campbell 1991; Fuller 1993; Campbell 1994; Campbell 1995) In short, the world was (if such were believed), "running out of oil." Happily, all such predictions have, without a single exception, been proven wrong.
Contrarily, the statistics of the international petroleum industry establish that, far from diminishing, the net known recoverable reserves of petroleum have been growing steadily for the past fifty years. Those statistics show tha t, for every year since about 1946, the international petroleum industry has discovered at least five new tons of recoverable oil for every three which have been consumed. As Professor P. Odell has put the circumstance succinctly, instead of "runnin g out of oil," the human race by every measure seems to be "running into oil".(Odell 1984; Odell 1991; Odell 1994)
03-31-2011, 09:33 AM
Just found this article about synthetic petroleum from algae and CO2 (Not fuel conversion).
Its experimental and sounds too good to be true, but if it works...
Just checked the dateline to be sure it wasn't out early :)
03-31-2011, 07:52 PM
Shutting refineries raises the price of refined product, but drops the price of crude (less supply of gasoline, less demand for crude).
Any post-208 Odell references? Why are oil companies drilling to extreme depths if they can just open the taps? They like spending money?
One gusher just doesn't go very far in supplying the US's fuel demands.
04-01-2011, 08:59 AM
Virtually every president since the oil crisis of the early 70's has promoted similar ideas. And we are in worse shape now than then. For the most part the American people are too blinded by things like "American Idol" to care. When the sh*t finally does hit the fan (permanent recession caused by unfordable energy prices for the middle class?) , then the reaction will be the govment should have done something. The doctrine that "conservation is not an energy policy" is fully entrenched in most minds. I am told frequently that we have enough oil for hundreds of years if only the pinko environmentalists would let the oil companies drill. Most of those folk think you simply drill into shale rock and a Hollywood type gusher will ensue.
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