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The impending oil renaissance in Alaska’s North Slope is going to be even more massive than previously projected. The oil lurking under the surface of the historically oil rich region is enough to turn the state’s economy around and reinstate it as a major player in the oil industry, according to new research from IHS Markit, a London-based global information and analytics provider. The study shows that the North Slope’s crude output could increase by as much as a whopping 40 percent in the next eight years, more than regaining its place as one of the major powerhouses of the...

The Bureau of Land Management is auctioning off 10 million acres worth of leases Wednesday for oil and gas exploration in the National Petroleum Reserve-Alaska (NPR-A), 150 miles west of the Arctic National Wildlife Refuge (ANWR).Republicans in Congress are fighting to open ANWR to oil and gas exploration through the GOP tax bill. The Trump administration is moving ahead with oil drilling in Alaska through the NPR-A, 23 million acres free from the federal restrictions that cover ANWR.The 10-million-acre lease offering will be the largest single lease sale in the history of the area. The previous record was set...

The Trump administration is offering oil companies all 10.3 million acres of available land on the reserve, the Center for Biological Diversity (CBD) said in a press release on Tuesday. The reserve is the single-largest parcel of public land in the United States. WASHINGTON (Sputnik) – The Trump administration has opened up a huge amount of land in Alaska’s National Petroleum Reserve for oil-sale leases, the CBD said. “Oil companies submitted lease bids on Monday for the largest oil-lease sale ever offered in Alaska’s National Petroleum Reserve,” the release said. “Bids will be open on Wednesday.” Trump just opened off...

Some 1.2 billion barrels of oil have been discovered in Alaska, marking the biggest onshore discovery in the U.S. in three decades. The massive find of conventional oil on state land could bring relief to budget pains in Alaska brought on by slumping production in the state and the crash in oil prices. The new discovery was made in just the past few days in Alaska’s North Slope, which was previously viewed as an aging oil basin. Spanish oil giant Repsol and its privately-held U.S. partner Armstrong Energy announced the find on Thursday, predicting production could begin as soon as...

The recent Chapter 7 bankruptcy and liquidation filing of the Toledo, Ohio-based solar-panel manufacturer Xunlight Corp. has attracted barely any national attention. Maybe it’s gotten to the point — after Solyndra, Evergreen, Abound, and Satcon — that the failure of another government-backed alternative energy company is a dog-bites-man story. It’d be newsworthy if any of them actually ever succeeded. But it’s worth pausing for an autopsy and retrospective on Xunlight, because it’s a great (or terrible, depending on how you look at it) example of how government at all levels — state and federal — and in both parties —...

Energy Policy: As the administration fast-tracks solar projects on public lands, it has locked up more than half of the National Petroleum Reserve in Alaska, preferring to continue outsourcing energy jobs and dollars. The price of gasoline, which was $1.84 a gallon the day President Obama took office, has more than doubled since, willfully aided and abetted by an administration that claims we can't drill our way to energy independence as we ignore vast reserves of North American energy that dwarf OPEC's and we sit on 100 years' supply of petroleum. Few Americans have heard of the National Petroleum Reserve-Alaska...

With Gas Prices at Record Levels Obama Cuts Off Drilling in Half of Alaska’s National Petroleum Reserve Posted by Jim Hoft on Monday, October 15, 2012, 11:10 AM Gas prices have more than doubled since Barack Obama took over the White House. But that didn’t stop him from cutting off drilling in August in half of Alaska’s National Petroleum Reserve.The Obama Administration planned for higher gas prices and fewer jobs through their many job-killing decisions.The Wall Street Journal reported, via FOX Nation: President Obama is campaigning as a champion of the oil and gas boom he’s had nothing to do...

Energy Policy: The same administration that says we can and should get oil from the National Petroleum Reserve in Alaska is blocking a bridge needed to get it to market on environmental grounds. In his May 14 weekly radio address, President Obama called for annual lease sales in the National Petroleum Reserve-Alaska (NPRA), not necessarily out of any conviction that increased domestic energy supply is good for prices and national security, but basically to perpetuate the myth that the oil companies refuse to drill in leased or leasable areas. While he restricts oil production in the Gulf of Mexico and...

Leadership: As Palin jousts with Biden on energy independence, the government reports that we lead the world in energy reserves. From oil to gas to coal, we are sitting on prosperity. So why are we importing anything? One of the interesting sidelights of the NY-23 race was an exchange on energy independence between Vice President Joe Biden and the former governor of energy-rich Alaska, Sarah Palin. Biden, who came in to campaign for Democrat Bill Owens, was reminded of the issue of energy. "The fact of the matter is that Sarah Palin thinks the answer to energy was 'Drill, baby,...

Palin Vs. Kerry (And MoveOn.org) By INVESTOR'S BUSINESS DAILY | Posted Wednesday, July 15, 2009 4:20 PM The political death of Sarah Palin has been greatly exaggerated. In a devastating op-ed in the Washington Post, Alaska's governor exposes the cap-and-tax fraud that has nothing to do with earth's temperature and everything to do with government control of the economy. She also exposes the stealth socialism ambitions of the Democratic left and once again points out the availability of abundant "shovel-ready" resources under America's soil, off America's shores and even in America's rocks. Judging from the reaction from Sen. Kerry and...

Politics: John Kerry, replying to an op-ed Sarah Palin wrote on cap-and-trade, suggests the Alaska governor "check the view from her front porch." What she sees from there, senator, is energy wealth going to waste.The political death of Sarah Palin has been greatly exaggerated. In a devastating op-ed in the Washington Post, Alaska's governor exposes the cap-and-tax fraud that has nothing to do with earth's temperature and everything to do with government control of the economy. She also exposes the stealth socialism ambitions of the Democratic left and once again points out the availability of abundant "shovel-ready" resources under America's...

Republicans in Congress this June united to defeat a proposed windfall tax on oil companies, deriding it as a bad idea that would discourage investment in U.S. oil exploration. Things worked out far differently in the GOP stronghold of Alaska, a state whose economic fate is closely tied to the oil industry. Over the opposition of oil companies, Republican Gov. Sarah Palin and Alaska's Legislature last year approved a major increase in taxes on the oil industry — a step that has generated stunning new wealth for the state as oil prices soared.

On Aug. 1, the same day the call for a vote on drilling began on the House floor, the Alaska state Senate approved a package of measures to license a new natural gas pipeline. ... The legislature had been trying for 30 years to authorize something like this and, up until now, had blown it. Palin got it through...

WASHINGTON (MarketWatch) - With rising oil prices and record oil company profits serving as a backdrop, the Senate moved one step closer on Thursday to allow companies to drill for oil and gas in Alaska's Arctic National Wildlife Refuge. The Senate beat back an amendment offered by Sen. Maria Cantwell, D-Wash., to strike language from a pending budget reconciliation bill that would open the region to producers. The amendment failed in a vote of 48-51. Cantwell said the budget bill provided a "sweetheart deal" for the oil industry, which has long sought access to the oil and natural gas supplies...

A section of land inside the Arctic National Wildlife Refuge in Alaska, proposed to be used for oil exploration by the Bush administration, is shown in this undated file photo. Conspicuous by its absence in the energy bill that President Bush will sign Monday is his top energy priority - opening an Alaska wildlife refuge to oil drilling. But the fight over the future of the Arctic refuge will flare anew in Congress in September with drilling advocates saying they may have their best chance in more than two decades of making it happen. (AP Photo/Arctic National Wildlife Refuge,...