Thursday, September 18, 2008

Path To US Oil Independance

I took the challenge that pm I gave to my anonymous private message friend, when I wanted to see how well he understood math and production curves.

I calculated that if we want to make the US independent of foreign oil in ten years, we need a growth rate of a whopping 54%!!!

Using the rule of 72, we'd have to double oil production every 1.3 years.

Here's what the chart looks like.

4 Comments:

At 12:18 PM, Blogger Mariamariacuchita said...

I will take your word for it! :)
I wouldn't know where to start to do that sort of calculation.

 
At 12:22 PM, Anonymous edgar said...

sounds doable. :D

 
At 12:30 PM, Blogger Weaseldog said...

Maria Maria, it's essentially the same as a mortgage schedule.

I adjusted the growth rate for US Production until it ended up with a number close to that of consumption.

 
At 2:20 PM, Blogger an average patriot said...

You know that will never happen but I do think if we use our wells already drilled and left fallow, our NAU Mexico's oils, Canada's oil sand, and our shale oil we could do it but I would rather see natural gas or Hydrogen as our primary source eventually!
Wease I was just at Sirens listening to Dave's music. You will see Dave on the top Bar click on that. Pretty good! Did you ever hear from Dusty? looks promising you should be part of it!

 

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