Quote:
Originally Posted by chesapeake
If you could wave a magic wand and put an active platform over every spot where we believe there to be oil AND oil was actually in that spot, we would improve domestic supply from approximately 33% of our consumption to, optimistically, 36%.
If you wave your magic wand and put up working platforms on the spots where we believe to oil exists and oil companies already hold leases but haven't troubled themselves to start working on, you might reach 45%. Meaning that they have a lot more oil in hand already than they would get by digging up ANWR.
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thank you sir. I do appreciate your insight. Do you have a source for this, because I am constantly having to have this conversation with people IRL as well as online and would love to have a source.