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Originally Posted by Colin
Did you visit the DOE website listed above before typing random keys and actually posting that crap?
Once more, with feeling:
If they started drilling today the first oil would go on the market in 2018, peak production would be 2027 at approximately 780k barrels a day, peak production 2028 when production begins decline. The total impact in 2006 dollars to the price of oil in 2026 as the low? .41 cents a barrel.
As the mean price in 2025? .75 cents a barrel.
As the high in 2027? 1.44 a barrel.
780,000 extra barrels a day when we use 20 million now is a drop in the barrel. Drilling will not help us as much you or anyone else would want it to.
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Colin, perhaps this will help put this into perspective:
Let's say you earn a salary of $20,000 per year. Getting a different job is out of the question. You are offered a raise of $700 per year. Do you take the raise, or is it too small to make any difference?
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