I try to keep this column from being a political forum, but I would like to point out the perspective of today's big announcement that "ExxonMObile strikes oil in Gulf of Mexico."
In case you don't read to the end--yes, it could yield 700 million barrels, "yes, it could power the U.S. for 28 days, based on the daily consumption of 25 million barrels." The world uses about 72 million barrels of crude oil per day, so it's enough to power the world for 10 days. It will take a couple of years to be drilled, collected, refined and sold to consumers according to this source. Is anyone out there asking if this is a wise course of action, to spend years of resources to develop a supply that is literally providing a few days of relief to our energy problems?
In case you don't read to the end--yes, it could yield 700 million barrels, "yes, it could power the U.S. for 28 days, based on the daily consumption of 25 million barrels." The world uses about 72 million barrels of crude oil per day, so it's enough to power the world for 10 days. It will take a couple of years to be drilled, collected, refined and sold to consumers according to this source. Is anyone out there asking if this is a wise course of action, to spend years of resources to develop a supply that is literally providing a few days of relief to our energy problems?
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