Tuesday, August 5, 2008

Why CAN'T we drill our way out of the oil shortage?

The democrats and Obama keep saying it. "We can't drill our way out of it". Why not? Estimates of the size of oil reserves in US territory start around 20 billion barrels and go up to 83 billion. There is every reason to believe that more will be found as we drill. The country only uses 20 million barrels a day. That's enough oil to fill ALL our usage for 3 to 11 years, going from today's figures. When drilling finds more reserves, which it always does, then we get even more time.
Granted, 3 to 11 years isn't for ever, but it's a long time, long enough to do a lot of things.
Up here we can't run the furnace on alternative energy and we can't drive to work on it either.

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