Home > Energy, Science & Technology > Offshore drilling is the answer

Offshore drilling is the answer

September 14, 2008
  1. September 14, 2008 at 21:12 | #1

    Talk about the proverbial drop in the bucket!

  2. September 14, 2008 at 22:44 | #2

    That’s quite a bit of projection going on there. 80% of that chart is future. I wonder how they project the dips and slopes? I’d love to have a look at the raw data, but following three or four links back to the source didn’t bear any fruit. 

    I understand that exploiting oil shale is off-limits now too. Is that included in the chart somewhere? How many new nuclear plants will we have online by 2030? Will there be any new solar breakthroughs in 22 years? Innovative new biomass productions?

    The source page does provide some insight though, it rants about how expensive nuclear power is. Of course, there are no cents/KWH comparison between nuke and coal, or natural gas.

    The only powerplants anyone has been allowed to build here in Maryland in the last ten years have been natural gas powered ones. Given the increased demand for kilowatts and a fairly rigid supply of natural gas, what do you think is going to happen to the cost per 1000 BTUs?

    The most telling part is that almost no one predicted what has happened of late with diesel prices. Normally, it’s cheaper to refine fuel in the country of use, rather than ship it overseas. However, the new low sulfur fuel is now shipped over to Europe, which has the effect of making diesel go from a few cents per gallon cheaper to sometimes as much as a dollar over the price of gasoline, totally destroying any fuel efficiency advantage of a diesel engine. If no one saw that coming, how clear do you really think their crystal ball will be in 2030?

  3. September 14, 2008 at 22:54 | #3

    how clear do you really think their crystal ball will be in 2030?

    Probably not terribly clear.  There are a number of tailfins on this model.  But it does stick a rather large pin in the idea of offshore drilling being some kind of fix for anything.  We’ve dinked around for decades, thinking we could just go on as before.  One more hit of oil… how useful, really?

  4. September 15, 2008 at 18:09 | #4

    Standard Mischief: it isn’t hard to find data as to the impact of offshore drilling. If you are trying to make the point the predictions in the graph above can’t possibly be right so we should still offshore drill, I can tell you evidence that offshore drilling will make an impact on gas prices or supply is pretty light. And the impact that is possible from offshore drilling is 7 years out by very low estimates and 22 years by others according to experts.

  5. September 16, 2008 at 05:08 | #5

    And the impact that is possible from offshore drilling is 7 years out by very low estimates and 22 years by others according to experts.

    I fail to see this as an argument against anything. If anything it’s an incentive to look for shortcuts. Building any type of power plant or exploiting any resource on an industrial scale would take years. Is that a valid reason not to even start?

    I am willing to compromise though. Lets say for every oil platform that we don’t build, we get one pebble-bed nuclear reactor.

  6. September 16, 2008 at 06:09 | #6

    I see it as an argument for not getting too excited about drilling as a solution in this election cycle.  McPain talks like it would make a major difference, and it just won’t.

    But if anybody has a right to an opinion on the subject, it’s T. Boone Pickins, who says “we aren’t going to drill our way out of this problem”.  A (very) little more oil, at great environmental cost in sensitive areas, is not the solution or even a particularly sensible stopgap.  We could make up far more oil than that, using conservation measures that wouldn’t really affect our lifestyles at all.

    I fixed your blockquote tag, SM.

  7. September 17, 2008 at 22:13 | #7

    I agree with DOF or George on this one.

    But I am willing to be persuaded. Show me your references that offshore drilling will have an impact and I will listen. I just haven’t seen anyone present credible evidence. And McCain/Palin speeches aren’t worth jack.

  8. James Old Guy
    September 19, 2008 at 12:34 | #8

    This data chart made me wonder who collects the data and publishes that data. What I found was interesting, well interesting to me anyhow.

    By law, EIA’s products are prepared independently of policy considerations. EIA neither formulates nor advocates any policy conclusions. The Department of Energy Organization Act allows EIA’s processes and products to be independent from review by Executive Branch officials; specifically Section 205(d) says:

    “The Administrator shall not be required to obtain the approval of any other officer or employee of the Department in connection with the collection or analysis of any information; nor shall the Administrator be required, prior to publication, to obtain the approval of any other officer or employee of the United States with respect to the substance of any statistical or forecasting technical reports which he has prepared in accordance with law.” [1]

    The budget is 95.5 million. Now when I first read this I was saying good idea. The more I read it the more I wondered how many other agencies are not responsable to anyone, not even the President.

    Good idea, bad idea,, I am split on this one..

  9. September 19, 2008 at 13:25 | #9

    At the risk of sounding like Bill Clinton, I suppose it depends on your definition of “responsible to”. 

    Good idea if the agency really is focused on accurate analysis (within the limits of what’s possible, of course).  Executive interference in science has been a big problem.  Bad idea, if the agency is run by an ideologue – perhaps appointed by the executive branch itself. 

    It’s tough to get straight dope.

    In other news I read a New Scientist article over lunch about what will happen to the aviation industry if jet fuel supplies begin to decline or fail to increase to meet demand.  Not pretty. And sure enough, maybe Alitalia airline is a preview.

  10. jony
    September 9, 2010 at 14:49 | #10

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