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Mad Prophet Ludwig5/03/2010 5:56:12 pm PDT

re: #216 freetoken

FWIW, the Gulf of Mexico is the single most important oil province the US has, and has been the staple of our oil production for several years now.

Of the slightly more than 5M bbl/d of crude and condensate that the US produces, the Gulf of Mexico now accounts for significant fraction.

The EIA, in one of their fantasy scenarios (oh… they don’t call it a fantasy, I do) says this:

The idea that US imports will decline by the amount stated, because of GoM production (along with CTL) is fantasy. Yet, in order for the US to continue to not be in a permanent depression that is indeed what is need, or else we have to do a truly massive CTL project.

Or we could just deploy nuclear solar and wind along with a smart grid and switch to electric vehicles…

Millions of American technical jobs created, no pesky funding of thuggish regimes, giant boom in the economy ohh and help stave off eco collapse…

But that would be too sensible.