It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The eastern Gulf of Mexico tract that would be offered for lease is adjacent to an area that already contains thousands of wells and hundreds of drilling platforms. The eastern Gulf area is believed to contain as much as 3.5 billion barrels of oil and 17 trillion cubic feet of gas, the richest single tract that would be open to drilling under the Obama plan.
An MMS review published last year found 41 deaths and 302 injuries out of 1,443 oil-rig accidents from 2001 to 2007. An analysis of the accidents found a lack of communication between the operator and contractors, a lack of written procedures, a failure to enforce existing procedures and other problems.
Approximately 40% of America's oil comes from domestic oil fields in states like Texas, Alaska, and California. Some of this oil is actually sold to other countries, such as Japan. The other 60% of the US oil supply is from foreign sources. Contrary to popular belief, however, the US has very diverse oil interests all over the world, and receives oil and petroleum products from almost every continent on Earth. This diversity within the US oil supply allows allows for the manufacture of a wide range of petroleum products, using crude oil of various chemical makeups.
The top five exporting countries accounted for 67 percent of United States crude oil imports in January while the top ten sources accounted for approximately 90 percent of all U.S. crude oil imports.
The top five sources of US crude oil imports for January were:
Canada (1.882 million barrels per day)
Mexico (1.033 million barrels per day)
Nigeria (0.996 million barrels per day)
Saudi Arabia (0.958 million barrels per day)
Venezuela (0.827 million barrels per day).
The rest of the top ten sources, in order, were:
Iraq (0.506 million barrels per day)
Algeria (0.327) million barrels per day)
Colombia (0.293 million barrels per day)
Brazil (0.271 million barrels per day)
Angola (0.268 million barrels per day).
Total crude oil imports averaged 8.454 million barrels per day in January, which is an increase of 0.321 million barrels per day from December 2009.
Originally posted by whiteraven
Now take into account supposed unrest in Mexico and we have a problem Houston.
China just invested in Canada's Oil Sands a month or two ago.
Originally posted by FritosBBQTwist
Hate to break it to some of you...but if you want countries to trade with you, you must trade with them.
Originally posted by Zosynspiracy
Ridiculous in this day and age where we are spending $600 billion on a defense industry that the environment takes a back seat.
Originally posted by Blanca Rose
I am on the coast of Mississippi right now, and am awaiting this oils arrival. It's going to suck big time.......but, once again only goes to show that we are greedy, and that other alternatives to oil are needed!