{"id":3551,"date":"2008-09-19T12:36:22","date_gmt":"2008-09-19T18:36:22","guid":{"rendered":"http:\/\/wordpress-367309-1145705.cloudwaysapps.com\/?p=3551"},"modified":"2008-09-19T12:36:22","modified_gmt":"2008-09-19T18:36:22","slug":"environmental-defense-fund-new-offshore-drilling-in-perspective-cool-graph","status":"publish","type":"post","link":"https:\/\/sustainablog.org\/articles\/environmental-defense-fund-new-offshore-drilling-in-perspective-cool-graph\/","title":{"rendered":"Environmental Defense Fund: New Offshore Drilling in Perspective (Cool Graph)"},"content":{"rendered":"<p>This post is by <a title=\"Gernot Wagner\" href=\"http:\/\/www.edf.org\/page.cfm?tagID=22352\">Gernot Wagner<\/a>, an economist in the Climate &amp; Air program at Environmental Defense Fund.<\/p>\n<p>A picture is worth a thousand words:<\/p>\n<p><a href=\"https:\/\/sustainablog.org\/files\/2008\/09\/usoilconsumption.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3552\" src=\"https:\/\/sustainablog.org\/files\/2008\/09\/usoilconsumption.jpg\" alt=\"\" width=\"500\" height=\"609\" \/><\/a><\/p>\n<p><em><em><span style=\"font-size: xx-small\">Source: <a href=\"http:\/\/www.architecture2030.org\/news\/news_090608.html\">Architecture2030<\/a>, based on data from the <a href=\"http:\/\/www.eia.doe.gov\/oiaf\/aeo\/otheranalysis\/ongr.html\">U.S. Energy Information Administration<\/a> (EIA).<\/span><\/em><\/em><\/p>\n<p><!--more-->From <a href=\"http:\/\/www.architecture2030.org\/news\/news_090608.html\">Architecture2030<\/a>:<\/p>\n<blockquote><p>According to the <a href=\"http:\/\/www.eia.doe.gov\/oiaf\/aeo\/otheranalysis\/ongr.html\" target=\"_blank\">US Energy Information Administration<\/a>, oil production from drilling offshore in the outer continental shelf wouldn&#8217;t begin until around the year 2017. Once begun, it wouldn&#8217;t reach peak production until about 2030 when it would produce only 200,000 barrels of oil per day (in yellow above). This would supply a meager 1.2% of total US annual oil consumption (just 0.6% of total US energy consumption). And, the offshore oil would be sold back to the US at the international rate, which today is $106 a barrel. So, the oil produced by offshore drilling would not only be a &#8220;drop in the bucket&#8221;, it would be expensive, which translates to &#8220;no relief at the pump&#8221;.<\/p><\/blockquote>\n<p><a title=\"Gernot Wagner's profile\" href=\"http:\/\/www.edf.org\/page.cfm?tagID=22352\"><img decoding=\"async\" class=\"blogAuthorPic\" src=\"http:\/\/environmentaldefenseblogs.org\/climate411\/files\/2008\/09\/gernot_wagner.jpg\" alt=\"Gernot Wagner's profile\" hspace=\"8\" align=\"left\" \/><\/a><a href=\"http:\/\/www.edf.org\/page.cfm?tagID=22352\">Gernot Wagner<\/a> is an economist in the Climate and Air program at Environmental Defense Fund.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This post is by Gernot Wagner, an economist in the Climate &amp; Air program at Environmental Defense Fund. A picture is worth a thousand words: Source: Architecture2030, based on data&nbsp;[ &hellip; ]<\/p>\n","protected":false},"author":40,"featured_media":3552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Environmental Defense Fund: New Offshore Drilling in Perspective (Cool Graph) &#8226; Sustainablog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sustainablog.org\/articles\/environmental-defense-fund-new-offshore-drilling-in-perspective-cool-graph\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Environmental Defense Fund: New Offshore Drilling in Perspective (Cool Graph) &#8226; Sustainablog\" \/>\n<meta property=\"og:description\" content=\"This post is by Gernot Wagner, an economist in the Climate &amp; Air program at Environmental Defense Fund. 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