• 5 minutes 'No - Deal Brexit' vs 'Operation Fear' Globalist Pushback ... Impact to World Economies and Oil
  • 8 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 12 minutes Will Uncle Sam Step Up and Cut Production
  • 5 hours Iran Is Winning Big In The Middle East
  • 2 hours Trump cancels Denmark visit amid spat over sale of Greenland
  • 18 mins Not The Onion: Vivienne Westwood Says Greta Thunberg Should Run the World
  • 13 hours Strong, the Strongest: Audi To Join Mercedes, BMW Development Alliance
  • 15 hours Nor Chicago, nor Detroit: Killings By Police Divide Rio De Janeiro Weary Of Crime
  • 11 hours US to Drown the World in Oil
  • 2 days Danish Royal Palace ‘Surprised’ By Trump Canceling Trip
  • 1 hour OPEC will consider all options. What options do they have ?
  • 17 hours With Global Warming Greenland is Prime Real Estate
  • 14 hours Gretta Thunbergs zero carbon voyage carbon foot print of carbon fibre manufacture
  • 2 days NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel
  • 2 days A legitimate Request: France Wants Progress In Ukraine Before Russia Returns To G7
  • 10 hours Long Range Attack On Saudi Oil Field Ends War On Yemen

Breaking News:

UK’s Oil Tanker May Soon Be Released

The Downside Risk For Oil Prices Is Undeniable

The Downside Risk For Oil Prices Is Undeniable

From trade wars, to slowing…

Rampant Corruption In The World’s Last Oil Frontier

Rampant Corruption In The World’s Last Oil Frontier

Endemic corruption in Kurdistan continues…

Alaskan Government Decides to Invest in Own Oil & Gas Study in Nature Reserve

President Obama’s Department of the Interior has issued a conservation plan to protect the giant US Arctic National Wildlife Refuge in northeast Alaska. The plan makes no mention as to potential oil and gas development in the region, and this has upset the Alaskan government.

Seeking to nudge the federal government into considering the possibility of drilling in the nature reserve Alaska’s government has decided to invest its own cash in an assessment of the potential oil and gas reserves in the area.

The administration of the Republican Governor of Alaska, Sean Parnell, has said that it wants the federal government to just consider studying the hydrocarbon reserves in the refuge. Obviously hoping to tempt them with what they hope will be vast deposits of oil and gas; estimates made 30 years ago suggest a volume of around 10.4 billion barrels of oil.

Related article: US Energy Infrastructure Fails to Keep Pace with Boom

Members of the administration have made a trip to Washington to present their proposal to Congress, and Governor Parnell wrote a letter to Interior Secretary Sally Jewell outlining a $150 million plan.

Daniel Sullivan, the states commissioner for natural resources, explained that “when we’ve had this discussion with the federal government, there is a head in the sand -- or head in the tundra -- kind of response. The frustration is: Why wouldn’t you want to know!?”

The proposed study will assess a part of the reserve known as Area 1002, which covers 3,000 square miles, less than a tenth of the size of the entire reserve.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play