Bush's Canadian Fans Get Big Idea on Oil
By braun mcash
Publish Date: 25-Nov-2004
Bush's Canadian Fans Get Big Idea on Oil
By braun mcash
Publish Date: 25-Nov-2004
The Bush administration, which apparently suffers from an irony deficiency, has stated its goal to reduce U.S. dependency on foreign oil, consuming as it does 25 percent of the world's oil supply with only three percent of its reserves. To this end, it plans to exploit the Arctic National Wildlife Refuge. According to Vice-President Dick Cheney, the amount of land affected by oil production would be a mere 800 or so hectares. This, of course, represents only the acreage the drill platforms would occupy, not the necessary infrastructure of roads, pipelines, et cetera.
The U.S. consumes almost 20 million barrels of oil a day, of which about 10.5 million is imported. The most optimistic estimates put the ANWR output in the 600,000 to 900,000 barrels-per-day range, but only seven to 12 years after initial development begins. The U.S. Geological Survey estimates that the total amount of "technically recoverable" oil in the ANWR is, at the low end, approximately five billion barrels. This is roughly 10 month's national consumption at current rates.
If, as the U.S. Environmental Protection Agency has noted, the fuel efficiency of vehicles in general were to be increased by a mere three miles per gallon, this alone would result in a savings of one million barrels of oil per day. The 2001 Bush-Cheney Energy Plan also noticed this, but quietly. After all, one of the first things they did when coming to office was rescind the new mile-per-gallon targets Clinton's administration had set for the auto industry. George W. Bush also reduced the Energy Department's energy-conservation budget by $227 million.
All of this could have some big repercussions on future discussions of Canadian sovereignty.
cont. http://www.straight.com/content.cfm?id=6532
By braun mcash
Publish Date: 25-Nov-2004
Bush's Canadian Fans Get Big Idea on Oil
By braun mcash
Publish Date: 25-Nov-2004
The Bush administration, which apparently suffers from an irony deficiency, has stated its goal to reduce U.S. dependency on foreign oil, consuming as it does 25 percent of the world's oil supply with only three percent of its reserves. To this end, it plans to exploit the Arctic National Wildlife Refuge. According to Vice-President Dick Cheney, the amount of land affected by oil production would be a mere 800 or so hectares. This, of course, represents only the acreage the drill platforms would occupy, not the necessary infrastructure of roads, pipelines, et cetera.
The U.S. consumes almost 20 million barrels of oil a day, of which about 10.5 million is imported. The most optimistic estimates put the ANWR output in the 600,000 to 900,000 barrels-per-day range, but only seven to 12 years after initial development begins. The U.S. Geological Survey estimates that the total amount of "technically recoverable" oil in the ANWR is, at the low end, approximately five billion barrels. This is roughly 10 month's national consumption at current rates.
If, as the U.S. Environmental Protection Agency has noted, the fuel efficiency of vehicles in general were to be increased by a mere three miles per gallon, this alone would result in a savings of one million barrels of oil per day. The 2001 Bush-Cheney Energy Plan also noticed this, but quietly. After all, one of the first things they did when coming to office was rescind the new mile-per-gallon targets Clinton's administration had set for the auto industry. George W. Bush also reduced the Energy Department's energy-conservation budget by $227 million.
All of this could have some big repercussions on future discussions of Canadian sovereignty.
cont. http://www.straight.com/content.cfm?id=6532