In what may become the next in a series of knuckle-headed moves, Bush’s Interior Department has finalized a plan to expand the areas that oil companies are allowed to drill. Areas off of Alaska, Florida and Virgina, some of them fishing regions, are to be opened up to massive oil exploration in the hungry attempt to maintain our “addiction to oil”.
Drilling had been banned in most of these areas previously, but in January, Bush lifted the bans in the central Gulf of Mexico and in Alaska’s Bristol Bay. The removal of the ban makes most of the Gulf south of the Florida panhandle open for drilling.
The 5.6 million acres opened up in Alaska is the home of endangered whales and the worlds largest sockeye salmon run. Estimates put the oil under these federal waters are about 200 million barrels of oil, and about 5 trillion cubic feet of natural gas. The US currently uses about 20 MILLION barrels of oil A DAY, in 1998 (last numbers I could find) we used 21.34 tcf/year (that’s trillion cubic feet) of natural gas. Meaning that this reserve would have less than half a years worth of oil, and natural gas.
Continue reading Bush Administration To Push For More Oil Drilling Off Coast Of Alaska And Virgina