Drill babies: How much would gas cost if we ONLY had access to US oil sources?

Let’s say we drilled every drop in Alaska, the Gulf of Mexico, etc, how long could the USA run on that oil and how much would it cost?
I’m guessing gas would be .00, and it would last maybe 20 years.
Cheaper? Supply and demand much?

12 Responses to “Drill babies: How much would gas cost if we ONLY had access to US oil sources?”

  1. Mr. Personality Says:

    Your question is flawed. Not all oil that comes out of the ground can be refined into gasoline. .,.

  2. Thedude27 Says:

    You realize we are currently 3rd in the world in oil production right?

  3. Shovel Ready Says:

    People have been predicting that oil would run out in 25 years for over 100 years. A lot of the energy resources in the US are in the form of coal and natural gas, but you didn’t even mention them.

  4. ahandle101 Says:

    Maybe, but wouldn’t it naturally be a better quality gas just because it was made in America.

  5. Jack Says:

    It wouldn’t be $25.00 since they wouldn’t have to pay importing taxes or for shipping. Gas would be less expensive. And since we have no alternatives, why not drill in the U.S.

  6. FOOD FIGHT! Says:

    We have 21 billion barrels of oil in the U.S. not including shale oil which is not being commercially exploited because of economics yet and will probably never be mined at 25 dollars a barrel. We use 6.1 billion barrels per year. Recalculate your 20 years by dividing 6.1 into 21 and see what you get.

    Also you should consider that to get oil companies to drill in ANWR we paid them 129 billion tax dollars and they ship it all to Japan. Oil companies decide what gets drilled next based on what is cheapest and ANWR was too expensive to drill at 100 dollars a barrel without a subsidy.

  7. tonalc2 Says:

    According to the US Government’s Energy Information Administration, the United States consumes about 400 million gallons of gasoline every day. That figure equates to about 20 million barrels of oil every day.

    Also according to that organization, the United States produces about 10% of the world’s oil—about 8 million barrels per day.

    You do the math.

  8. Casey Forrest Says:

    we could run off our own oil for 50yrs or more. how much i dunno. but it would be less then 100 a barrel, and we would have the shipping cost.

  9. 0bozo the Warmonger Says:

    It would probably be more but I’ve never heard anyone suggest we do that.

    Drilling more of our own though would be a buffer against fluctuations due to unrest etc. in the ME and would help us be less dependent until we find a new source of energy.

  10. Huevos Rancheros® Says:

    It would be less than a dollar a gallon. Producing our own oil means more people working good paying jobs. More people working means the dollar would be strong. A stronger dollar means you get more for your dollar.

  11. ask not from your country Says:

    Yet the United States is sitting on the world’s largest untapped oil reserve. A natural resource that would not only mitigate the over $400 Billion sent overseas to other countries but could create untold millions of jobs and put the country on a sound financial footing.

    The untapped reserves are estimated up to 2.3 Trillion barrels, nearly three times the reserves held by the OPEC countries and sufficient to meet 300 years of demand, at today’s levels — for auto, truck, aircraft, heating and industrial fuel, without importing a single barrel of oil.

    The US could become the single largest exporter of oil and oil related products in the world, thus potentially eliminating its trade deficit, and increasing the national standard of living as well as making a massive dent in the national debt.

    Here is a look at some of the largest untapped reserves:

    The Bakken Fields in North and South Dakota. New drilling and oil recovery technology is making the capture of this oil feasible and some development is now underway. It is estimated that there is at least 200 Billion barrels of oil in this region. At a price of $100 per barrel the value of this find is $20 Trillion.

    The Outer Continental shelf. It is estimated that around 90 billion barrels of oil sit beneath the ocean bed 50 to 100 miles off the shore of the Atlantic, Pacific and Gulf coasts. The value: $9 Trillion.

    The Alaska National Wildlife Refuge. About 10 billion barrels are locked up here with a current value of $1 Trillion.

    Tar Sands: Around 75 Billion barrels of oil could come from these areas which are similar to the Canadian tar sand fields and which now produce about 2 million barrels per day. The value: $7.5 Trillion

    Oil Shale. This is the most massive area of potential oil production in the world with an estimated 1.5 Trillion barrel potential. The technology necessary to extract this oil is now in place and being operated on a pilot project basis. The value of this resource: $150 Trillion

    Kind of beats out your windmills and electric cars huh…Oh, and they forgot we also sit on the largest deposit of natural gas in the world. Drill Baby Drill!!

  12. mr danger Says:

    Unless you plan on nationalizing the oil companies then there is no such thing as "our oil "
    Oil is a fungible commodity and as such the world market set the price .