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Page added on February 8, 2012

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Alaska Oil Production

Alaska Oil Production thumbnail

Perception versus the reality of peak oil.

I asked 10 Americans the question, “How is oil production going up in Alaska?” Nine said they do not know, and one said great. Here is the truth in my personal Chart of the Day.

 

Alaska produces about 10% of the oil in the US.

It once was producing over 60,000,000 barrels per day month (now can you all get over the typo and look at the chart?), but Alaska now produces less than 18,000,000 barrels, or not even one third of what it once did.

Change is indeed coming to America.  It just is not the type of change that sells Chevy Suburbans, McMansions, Disney cruises, or airfairs, so do not expect to hear or read about it in the mainstream media.

ZeroHedge



9 Comments on "Alaska Oil Production"

  1. Gale Whitaker on Wed, 8th Feb 2012 3:02 am 

    I asked an energy reporter (via email) at LA Times why he never mentioned depletion or peak oil. He said “I don’t believe it, there’s plenty of oil”.

  2. MrEnergyCzar on Wed, 8th Feb 2012 4:15 am 

    The pipeline is only 1/3 full, it will probably have to be closed in a few years unless they can heat the oil along the way….

    MrEnergyCzar

  3. BillT on Wed, 8th Feb 2012 6:15 am 

    This is no surprise. If the tundra warms enough, the pipeline supports will sink and it will have to be closed. But, by then, there will probably not be enough flow to prevent it all from being transported by tankers.

  4. Serial_Worrier on Wed, 8th Feb 2012 7:50 pm 

    Once we get ANWR online that will easily keep the pipeline flowing! In addition we’ll elect Romney and get the Keystone pipeline finished!

  5. Windmills on Wed, 8th Feb 2012 10:56 pm 

    I’m assuming that was sarcasm, especially the bit about ANWR saving the day. Wasn’t it recently downgraded, with much of the supposed oil turning out to be natural gas?

  6. James A. Hellams on Thu, 9th Feb 2012 12:06 am 

    The ANWR will not save the US.

    The last time I heard about the estimated oil reserve the ANWR had, it had an estimated reserve of 16 billion barrels. Assuming that all this oil is available for production, it would last the US only two years. The US oil consumption is approximately 8 billion barrels per year.

  7. BillT on Thu, 9th Feb 2012 1:25 am 

    James, many on here don’t do the math, they just react to the propaganda. Yes, you are correct about the 2 years and no-one seems to remember that the first drop of ANWR oil would not get to the Lower 48 for 8-10 years, if ever. You don’t decide to open a new area in the Arctic and ship the first barrel in a few weeks or months. Prudhoe Bay took 9 years from start to shipment of the first oil. Most don’t remember that, I do. I was 33 when it happened.

  8. Kenz300 on Thu, 9th Feb 2012 4:29 pm 

    Quote — ” Alaska produces about 10% of the oil in the US.

    It once was producing over 60,000,000 barrels per day month (now can you all get over the typo and look at the chart?), but Alaska now produces less than 18,000,000 barrels, or not even one third of what it once did.

    Change is indeed coming to America.
    ———————

    Very well said. Change is coming. Too few recognize that change is coming. Too few are preparing for that change. Individuals, businesses and politicians need to develop a plan to move forward in a more energy constrained world.

  9. jmmnlsc on Fri, 10th Feb 2012 4:33 am 

    Check http://www.thelastalaskanbarrel.com and read The Last Alaskan Barrel: An Arctic Oil Bonanza that Never Was for the fifty year history of Arctic Alaskan oil.