Watch!!!!


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 (Figure 20). Because oil prices are determined on the international market, however, any impact on average wellhead prices is expected to be insignificant.

Similarly, lower 48 natural gas production is not projected to increase substantially by 2030 as a result of increased access to the OCS. Cumulatively, lower 48 natural gas production from 2012 through 2030 is projected to be 1.8 percent higher in the OCS access case than in the reference case. Production levels in the OCS access case are projected at 19.0 trillion cubic feet in 2030, a 3-percent increase over the reference case projection of 18.4 trillion cubic feet. However, natural gas production from the lower 48 offshore in 2030 is projected to be 18 percent (590 billion cubic feet) higher in the OCS access case (Figure 21). In 2030, the OCS access case projects a decrease of $0.13 in the average wellhead price of natural gas (2005 dollars per thousand cubic feet), a decrease of 250 billion cubic feet in imports of liquefied natural gas, and an increase of 360 billion cubic feet in natural gas consumption relative to the reference case projections. In addition, despite the increase in production from previously restricted areas after 2012, total natural gas production from the lower 48 OCS is projected generally to decline after 2020.

Although a significant volume of undiscovered, technically recoverable oil and natural gas resources is added in the OCS access case, conversion of those resources to production would require both time and money. In addition, the average field size in the Pacific and Atlantic regions tends to be smaller than the average in the Gulf of Mexico, implying that a significant portion of the additional resource would not be economically attractive to develop at the reference case prices.

http://www.eia.doe.gov/oiaf/aeo/otheranalysis/ongr.html

I bet Ive posted that same study 20 times and you still dont get it!!!
Or, maybe you think you know more than the experts!!

Nice personal attack. You based your assumption on an individual to a commodity that we all need to maintain our way of life. They don't compare. If we would have drilled a decade ago we would have all the oil and other energy sources we could have ever wanted. But, oil was low back then, gas was low, and the environmentalist lobbies prevented anything from being done. They prevented the levees in New Orleans from being reinforced and strengthed because of swamp lands for goodness sake and look what happened with the weak levees.

Drill now for oil in mass production and oil prices will drop. Drill now heavily for natural gas in PA and energy prices will go down for natural gas (which is on a steep rise as well). We could mass produce ships and drill for oil to supply us in WWII in no time, but for some reason it would take many years to get oil? That's bull. We just allocate resources heavily to oil. Give incentives for mass youth labor to assist and there ya go, massive labor, massive operations and quicker drilling practices to get the oil here asap.

The reason they gave such a long wait for oil is because they are a bureaucracy that will hold up every process as will the environmentalists that will try to put up every roadblock, just like they did with the New Orleans levees that led to mass death and destruction when they broke.

The study is by bureaucrats. Break down the system to the private sector, let them do what must be done, put mass incentives for the youth for high paying oil jobs and there ya go.

Mr. Pickens is no fool...

Read the Report!
Then tell me how smart you arent!

Explain to me how you know better than them that drilling for more oil will affect the price we pay at the pump. They say it wont, but we are supposed to beleive you??? LMAO


At least tell me you opened your eyes and read the government report!!

Nope, I find his proposals are interesting. I haven't visited his site yet, but I am a bit skeptical about the wind power thing. I'll have to look into it on his site. I've always read it is very inefficient, but maybe he knows something others don't. People support wind power until they learn their scenery of mountain tops will be covered in these huge ugly fans...lol.

Your so full of Bush it isnt funny.
Have you ever even owned a car or payed your own way in life.
Dont tell me shet!
Your not near as smart as your over inflated ego tells you you are!

How old are you really?
15, 16?

I have read it, but stuff just doesn't add up. They just recently found absolutely massive natural gas supplies in NY, PA, and Ohio. They just discovered massive oil shale in the Green River Basin that has up to 1 trillion barrels of oil in it. They have already begun and been drilling for natural gas in northern PA for awhile now, soon to survey my own land up north as well. There is supposedly massive amounts of natural gas there.

Increase of supply draws price down.

In WWII we were not set up for a war economy. However, after Pearl Harbor and all our ships were hit in the port we went into massive production of iron, steel, ship production, military good production, consumer good production, ammo production, weapon production and so forth. What the government did to create this big business economy shift was use patriotism but also huge monetary incentives. The US government has used this numerous times since then.

We can do the same thing for oil and natural gas. I just saw this Dateline or 60 Minutes episode where this guy went to Canada to assist in the oil fields up there and is making $150k a year and he doesn't even have a college degree. Make incentives like that, they don't even need to be half that, and our huge labor force will go running to overwhelm those jobs. Huge labor in the oil and natural gas industries and the supports that create platforms and such will cause production and time stamps to be moved up significantly.

National economic campaign operated by the private sector though backed by the government incentives.

Personal attacks, on the level of child, against a man far younger than yourself is quite pathetic.

No, what they did was turn civilian production facilities into war supply and equipment facilities!

Auto manufacturers began producing tanks and airplanes. Ship yards concentrated all their production to building ships, and all rubber, metals, and such were redirected to the war effort! Women took the jobs of MEN who were drafted and people rationed!
And the Government installed massive price controls.
They had to do what they had to do.

They didn't waste years and money destroying the environment and going off on wild goose chases for fossil fuels that will not be lifted from the ground in time to help the economy. They did not practice election year politics to cover up for something that is directly related to their failed foreign policies and greed! And they did not lie to the American public about their reasons!

Esp. when we possess the technology to become energy Independent in less time with a Government and public sector cooperative effort! A Greener, cleaner, renewable energy source that we will eventually have to have anyway!

Yes, an efficient alternative source that far exceeds the benefits of oil will be necessary. But, we do not have it yet, and until than for the security and surviveability of our nation and people we must get massive amounts of energy. Propane costs have doubled, natural gas has doubled, and gosh we all know how much oil has gone up. We need to drill for these reserves and with the technology we have today we can do so very safely.

Drills today can go down and then completely horizontal to the ground for many many miles, not ruining the natural environment whatsoever, but going deep underground where it effects absolutely no one. We need to allocate resources to energy sources (natural gas and oil) immediately before the next world world or international crisis occurs that disrupts our supply. It will happen for it has happened time and time again in history. Resources and natural commodities are necessary for the surviveability of our nation, the lack of it, it being cut off in the past, and the desire for it has caused the vast majority of conflicts throughout the span of human and animal history.

We are putting ourself in a very dangerous situation and unncessary danger by not tapping into the resources we have. Tap all our resources throughout the vast expanse of our country and invest heavily in the building of new refineries and energy industries.

We should have drilled decades ago, but most of it we simply could not reach before. We have far superior technology to drill vertically and horizonatally now, as well as better technology to draw it out of the ground. People keep saying "Peak Oil" and "Peak Natural Gas" yet they've been saying this for over a decade now. Everytime we are told we found the last big supply we seem to find another big supply.

This is true in the stretch of Ohio, New York, and Pennsylvania huge natural gas reserves and the huge oil reserves in the Green River Basin.

We have found it, and we will find more. But, with those two sources there alone we are talking decades of supply. Decades more to invest and develop true more efficient, cheap, and 'better' energy sources.

Anyways, I've said what I need to on this topic. And, I'm off to bed. I know many people personally and myself included who would jump on the opportunity to enter into energy fields of oil and natural gas if there was a huge increase of employment opportunities and benefits.

But those people and you are ignoring the facts provided by experts. You are only listening to what the NeoCons and the oil companies are telling Bush to say! He too is ignoring the experts opinions just like he did before invading Iraq!

Also, we do have the technologies, a combined number of them needed to change in less time than we can lift the oil from the ground! Plus these technologies, combined, will produce far more employment opportunities than oil drilling!

Even if Congress lifts the law keeping them from drilling tomorrow. They will still have to battle every State government who's shores they wish to drill off of, negotiate deals with the ones that let them, destroy natural wilderness refuges, and battle every ecological group in the nation before they can even move an oil drilling platform into place!

This is not Russia, Venezuela, or Cuba where the government can just do what they want without confronting the people or following proper procedures!

Russia, China, Canada, and other countries jump on the opportunity to tap their untapped oil reserves and our government dismisses allowing the private sector from doing the same as unnecessary and with no benefit. Huh?

Drill here, drill now, pay less. It's pretty simple.

Fanta, for one that spouts off all the time how the government lies, you are really defending this government document. So the government only lies when you dont support them and they tell the truth when you do?

Yes if we drill prices will go down, but how much would depend on how much we produce vs what we consume. Every year more and more hybrids come out and more and more people are buying them. Electric cars will be realistic probably within the next 5-10 years. Oil will start going down because our demand will go down. I am not too worried. Sure its a little bothersome now, but I know I will get through it.

Drilling is all well and good, but what do we do with all the extra crude we can't refine? Or will it be like our lumber deal with China? We chop the trees, send the wood to China, they make boards, then sell the boards back to us at three times what we sold it to them for...