healthmyths
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- Sep 19, 2011
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Now with fracking, slant drilling among recent oil recovery methods this increase known recoverable oil to the below 4.7 TRILLION barrels!
With entire domestic production from below resources consumed by USA of 6.6 billion barrels a year it would take 684 years to consume 4.7 trillion barrels.
BUT lets assume 50% is exported at $100/barrel and USA makes $50 royalty fee per barrel.. on 2.3 trillion barrels is over 300 years $400 billion a year ..
National deb $15 trillion would take 38 years JUST from OIL REVENUE royalties alone!
URL="http://www.indexmundi.com/energy.aspx"]http://www.indexmundi.com/energy.aspx [/URL]
FACT: OIL resources that USA uses 18,810,000 barrels / day.
FACT: 4.7 TRILLION BARRELS in USA that Obama could open up!
100 feet or less of Gulf 2.8 billion barrels
Virginia 0.3
Anwr Alaska 10.0
Bakken formation 3,600
CO,UT,WY 1,100
total 4.713 Trillion barrels or 686 years at above consumption rate!
U.S. oil resources: President Obama’s ‘non sequitur facts’ - The Washington Post
With entire domestic production from below resources consumed by USA of 6.6 billion barrels a year it would take 684 years to consume 4.7 trillion barrels.
BUT lets assume 50% is exported at $100/barrel and USA makes $50 royalty fee per barrel.. on 2.3 trillion barrels is over 300 years $400 billion a year ..
National deb $15 trillion would take 38 years JUST from OIL REVENUE royalties alone!
URL="http://www.indexmundi.com/energy.aspx"]http://www.indexmundi.com/energy.aspx [/URL]
FACT: OIL resources that USA uses 18,810,000 barrels / day.
FACT: 4.7 TRILLION BARRELS in USA that Obama could open up!
100 feet or less of Gulf 2.8 billion barrels
Virginia 0.3
Anwr Alaska 10.0
Bakken formation 3,600
CO,UT,WY 1,100
total 4.713 Trillion barrels or 686 years at above consumption rate!
U.S. oil resources: President Obama’s ‘non sequitur facts’ - The Washington Post