Flawed Romney Plan for Increasing U.S. Oil Production25 Sep

On developing more oil resources, “Mitt Romney will make America an energy superpower, rapidly and responsibly increasing our own production and partnering with our allies Canada and Mexico to achieve energy independence on this continent by 2020.” Here are facts that the Romney plan ignores as exhibited by the following data:

Canada

Total oil production: 3,600,000 barrels per day (b/d)

Oil export to the United States: 2,500,000 (b/d)

Mexico

Total oil production: 3,000,000 (b/d)

Oil export to the United States: 1,200,000 (b/d)

United States

Oil imports: 8,900,000 b/d

According to the Romney plan, Canadian and Mexican imports to the United States should equal 8,900,000 b/d, assuming that U.S. imported oil levels remain the same by 2020. Even if Canada and Mexico agreed to export all total produced oil to the United States, that amount (i.e., 6,600,000 b/d) falls short of the total imported crude oil to the United States by 2,300,000 (b/d).Unless Mexico discovers huge reservoirs of crude oil before 2020, that country will not be able to sustain current levels of exported crude to the United States, as the following Mexican oil reserve graph shows. Notice that Mexican oil reserves peaked around 1990, twenty-two years ago.

 

 

 

 

 

 

 

 

 

 

 

 

 

Conclusion: The Romney energy plan for oil is flawed, demonstrates that he and/or his staff are ignorant about non-renewable energy and incapable of researching the issue.

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One Response to “Flawed Romney Plan for Increasing U.S. Oil Production”

  1. JC Reply

    Mitt’s plan has stated that North America will be able to generate 28M barrels of oil by 2020 by tapping reserves that we are currently unable to use…much of it on federal land where current restrictions don’t allow.

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About Dr. Everson

Prior to forming this SBIR consultant practice, Dr. Jeffrey Everson was director of business development for QinetiQ North America’s Technology Solutions Group (previously Foster-Miller, Inc.).

Dr. Everson has won and been the principal investigator for several SBIR programs, including a Phase I program for NASA, a Phase I project for the U.S. Air Force, and Phase I and II contracts from the U.S. Department of Transportation. For the Phase II program, he received a Tibbetts Award for exemplifying the best in SBIR achievement.

Previously Dr. Everson held senior scientist positions at Battelle Memorial Institute, The Analytic Sciences Corporation (TASC), Honeywell Electro Optics Systems Division, and Itek Optical Systems Division.

He holds a PhD in physics from Boston College and a MS/BS in physics from Northeastern University.

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