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An Ice-Cold Regulatory Climate
RealClearEnergy ^ | 9 Dec, 2015 | David Holt

Posted on 12/09/2015 7:40:44 AM PST by MtnClimber

A second major oil company has been forced to abandon plans to drill in the Arctic Ocean off the coast of Alaska – and irresponsible, high-fiving anti-development activists, most of whom live thousands of miles away and will not be affected, could not be more thrilled.

But for those who live close by, the ones who will be most affected, the news is devastating.

Statoil recently announced that it's giving up 16 of its company-operated leases in the Chukchi Sea and abandoning its stake in 50 Chukchi leases operated by ConocoPhillips. The Norwegian company added that it would close its offices in Anchorage.

The news comes after Royal Dutch Shell, after spending $7 billion on Arctic offshore exploration in the Chukchi and Beaufort seas, announced it would bow out of Arctic drilling. The two decisions, Alaska Gov. Bill Walker says, were “largely tied” together...........

But as Alaska Sen. Lisa Murkowski said, the "real project killer" in both instances was the unprecedented, convoluted, ever-changing federal regulatory process that previously dogged ConocoPhillips in the Arctic.

(Excerpt) Read more at realclearenergy.org ...


TOPICS: Outdoors; Science; Society
KEYWORDS: regulation

1 posted on 12/09/2015 7:40:44 AM PST by MtnClimber
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To: MtnClimber

ISIS and leftists want us to go back to the 7th century.


2 posted on 12/09/2015 7:41:37 AM PST by MtnClimber (For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
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To: MtnClimber

And the Oil COmpanies, if they had any balls at all, could Stop this crap Cold, Overnight and it is Completely Legal to do:

Compile a Comprehensive List of every last envirowhacko, in all these communist front groups, add in ALL Public Employees, especially Federal Employees. And Immediately Institute a “No Electronic Access” Policy for Every last person on the list. Force every last one of them to pay CASH and Only CASH.

Wouldn’t you love to see Al Gore having to whip out greenbacks to Fuel his Private Jet???


3 posted on 12/09/2015 8:02:43 AM PST by eyeamok
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