Conservation could eliminate the need to drill for any oil in the Gulf of Mexico.
The U.S. consumes about an almost unimaginable amount of oil every day: 20,680,000 barrels of oil per day (and see here). Keep in mind that each barrel contains 42 gallons. Thus, Americans currently use 20,680,000 barrels per day = 239 barrels per second = 10,000 gallons of oil per second.Therefore , we desperately need to maintain almost 4,000 drilling platforms in the Gulf of Mexico in order to keep drilling for oil, right? Not so fast. Why aren’t we seriously discussing our ability to entirely eliminate offshore drilling by getting just a little bit serious about conservation? Consider the following statistics, which should be on the front page of every newspaper in the United States because [caption id="attachment_12529" align="alignright" width="210" caption="Image: creative commons"][/caption] they prove that we don't need offshore drilling but that we do need to seriously implement conservation measures for many reasons (one of which is impending peak oil):
Projecting ahead to the year 2016, the total oil production from the Gulf of Mexico will never exceed 2.1 million barrels of oil per day. Within the next 10 years, total GOM oil production is expected to exceed 1.7 million barrels of oil per day (MMBOPD), a projection based on existing shallow and deepwater operator commitments as shown in Table 2 and Figure 2. If industry-announced discoveries and undiscovered resources realize their full potential, production could reach 2.1 MMBOPD.
This information comes from page 12 of “Gulf of Mexico Oil and Gas Production Forecast: 2007-2016,” published by the U.S. Department of the Interior. See also, this chart, Figure 2 on page 14 of this same report: