Friday, May 25, 2007

Oil Facts

Percentage of domestic oil resources currently off-limits in ANWR and the Outer Continental Shelf : 78

Amount of Domestic oil currently off-limits: 131 billion barrels

Oil imported annually from the Persian Gulf: About 1 billion barrels

Oil imported annually: About 5 billion barrels

Oil consumed annually in the US: About 7 billion barrels

Oil produced annually in the US: About 2 billion barrels

Number of years that domestic oil in the OCS could substitute for Persian Gulf imports: 60

Number of years that domestic oil in ANWR could substitute for Saudi imports: 25


(Data above are from an IBD editorial, the Energy Information Administration, and the American Petroleum Institute.)

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