The Energy Information Administration (EIA) estimates in their latest Short Term Outlook that domestic oil production will be reduced in 2011 by 82,000 barrels per day as a result of the moratorium on deepwater drilling in the Gulf of Mexico.
These projections reflect EIA's estimates of an average reduction in crude oil output of about 82,000 bbl/d in 2011 resulting from the current 6-month moratorium on deepwater drilling.
Since we currently import about 2/3 of the oil we consume, any loss in domestic production will have to be offset with additional imports.
The EIA estimates the price for West Texas Intermediate oil will average $82 dollars per barrel in 2011. At 82,000 barrels per day, that adds up to $6,724,000 per day or $2,454,260,000 for the year that will be spent buying foreign oil because of the deepwater drilling moratorium.