Peak Oil News: Increase production in United States to lower gas prices

Wednesday, September 21, 2005

Increase production in United States to lower gas prices

The Clarion-Ledger

In response to Milton Bouchillon's letter ("Get ready for higher gas prices,"Sept. 15), are his remarks about 80 percent of the oil deposits being in their "depletion stage" based on fact? If so, we would like to see the facts.

When drilling started at Prudhoe Bay and the Alaska pipeline was being proposed, pipeline opponents indicated that oil deposits there would be used up within one year. That was 30 years ago; those deposits are still producing oil. Experts claim only about 10 percent of the world's oil deposits have been used.

As far as China and India increasing their oil consumption, the population of the U.S. has increased, thus increasing our consumption of oil. As present, the U.S. is dependent on foreign countries for a large part of the oil it consumes. The U.S. could be producing more oil than it is if oil companies were allowed to drill new fields and build refineries.

There has not been a new refinery in the U.S. in about 30 years, and during that time the population of the U.S. has increased by about 50 million people. There are areas of Alaska that could be drilled but government regulations won't allow it mainly due to opposition of environmentalists.

They fear destruction of the wilderness and wildlife while the areas of proposed drilling are only a pinprick when compared to the vastness of the wilderness.

Those same environmentalists opposed the Alaska pipeline based on what they felt it would do to the wildlife. We recently read an article indicating the wildlife around the pipeline is "flourishing."

So, let's not panic about higher gas prices when there are ways to increase production and stabilize or bring down those prices.


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