Below is a chart of US oil production showing both onshore and offshore contributions.
Note that this chart only goes to 2010. The Macondo blowout brought things to a virtual standstill that year so the future will show a significant decline in offshore production.
Source: Offshore Magazine
And we really can't afford to lose 1-2 mbbls/day of production, especially not in THIS world 'climate'...
ReplyDeleteIt sure would be nice to know that a pipeline from Canada was going to bring more oil to the Lower 48.
ReplyDeleteAlso a good article:
ReplyDeletehttp://www.theoildrum.com/tag/gulf_of_mexico
(the series on Gulf of Mexico, Reserves vs. Production)