Quote:
Originally Posted by jjchieffan
You're right. I didn't even think that part of it through. I still believe that 4+ billion barrels from the area outside 50 miles offshore is more than a drop in the bucket. I wonder how much more is available inside that 50 miles.
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MMS estimates 76 billion barrels of crude and 400+ trillion CF of NG are recoverable on our OCS.
To put that in perspective, we use about 20 million barrels/day. More than 60% of that is imported. In other words, we could supply our demand for 10 years with no imports.