Oil Extraction in Alaska - Stats Flashcards
What are the oil reserves in Prudhoe Bay Alaska?
Prudhoe Bay in Alaska has proven reserves of about 3000 million barrels of oil.
How long is the Alyeska pipeline and where does it run from and to?
The Alyeska pipeline is 1300 km long and runs from Prudhoe Bay on the north coast to the ice-free port of Valdez on the south coast.
What is the daily oil transportation capacity of the Alyeska pipeline?
The Alyeska pipeline can transport oil up to 1.4 million barrels per day.
How much oil did the USA consume in 2014?
In 2014, the USA consumed 6.95 billion barrels of oil products.
What has been the trend in oil consumption in the USA since 2013?
After a period of falling consumption during the global economic recession, since 2013, oil demand in the USA has risen again.
What percentage of oil supply in the USA comes from imports?
Approximately 40 percent of the oil supply in the USA comes from imports.
Why is the reliance on oil imports a concern for the US government?
The reliance on oil imports is a concern for the US government due to both the balance of trade implications and the lack of energy security.
What measures has the US government taken to meet domestic oil demand?
To meet as much of the domestic oil demand as possible, the US government has permitted the exploration of potential oil fields in Alaska.
What is the estimated oil reserve in Area 1002 of the Arctic National Wildlife Refuge?
It is estimated with 95 percent probability that Area 1002 in the Arctic National Wildlife Refuge contains over 16 billion barrels of oil.
How much of the estimated oil reserve in Area 1002 can be extracted using current technology?
About 6 billion barrels of oil can be extracted from the estimated oil reserve in Area 1002 using currently available technology.
What are the benefits of extracting oil from Area 1002 in Alaska?
Extracting oil from Area 1002 would result in increased employment opportunities and allow the existing Alyeska pipeline to be used.
