2009 oil consumption of the US was 18,690,000 barrels a day.
US proven reserves are 19,120,000,000 Barrels
So if we take the proven reserves(assuming it never increases) over the daily consumption we get: roughly 9775 days. That may seem like a lot but lets divide it by 365 and convert it to years. That's 9775 divided by 365, is roughly 26 years!
So assuming that:
A) Daily oil consumption NEVER increases since 2009 levels
B) We can access every single US reserve at any given moment and without spill or error.
We can be oil independent for roughly 26 years!!!
Last edited by Wiseone; 11-13-10 at 11:43 AM.
"This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB
Isn't that data assuming that we don't explore for anything else, and going on what is already proven? And, 26 years, wouldn't that give us the time necessary to develop other forms, like powering things off of natural gas?
As such I think your CIA study is slightly flawed.
Anyway, it's not really relevant. Our production is simply nowhere near enough to keep up with our demand. You can't possibly keep America to domestic-only production and keep price levels anywhere near where they are now.
One of you will end up here next!