Posted on 11/15/2004 6:52:19 AM PST by ZGuy
The U.S. Interior Department on Friday gave final approval to a plan to develop five tracts around the oil-rich Alpine field on Alaska's North Slope.
The department's Bureau of Land Management authorized the first commercial development of the National Petroleum Reserve in Alaska.
Production from these fields, which together hold more than 330 million barrels of oil, will start by 2006. They will supplement production from the Alpine fields, which hold 429 million barrels and have a daily oil output of about 100,000 barrels.
Environmentalists have criticized the plan to develop these Alpine satellite fields as a rollback of environmental protections promised during the Clinton administration.
The Bush administration believes the new Congress next year will approve oil drilling in the separate Arctic National Wildlife Refuge, which may hold up to 16 billion barrels of crude.
(Excerpt) Read more at cnn.com ...
Uh-oh, Libs are going to need more therapy.
Finally. Sanity prevails. I can hardly wait to hear what the Envirowackos have to say about this. They'll be running up there, chaining themselves to everything in sight. Should be amusing...
So we've all had enough of $2 a gallon?
Stupid Dems holding up Bush's energy bill. If they had passed it way back in 2001, gas prices would've been around a buck now.
Pray for W and Our Troops
Was this field once known as the Naval Reserve ?
"Uh-oh, Libs are going to need more therapy."
HAHA.. but aren't our guys getting killed in Iraq for oil? Why would we need to drill in Alaska when we're fighting a war for oil now?
*Saracasm*
We need to build more refineries too!
They'll be running up there, chaining themselves to everything in sight. Should be amusing...
What's up there besides snow?
Sanity here. When are they going to approve and install a natural gas line along side of the oil pipeline? It's been blocked by "our representatives" since the original line went in. BTW, natural gas is the feedstock for a LOT of our petrochem industry....a lower NG price makes the US more competitive.
Yet another one of Bubba's mistakes corrected. Go, Mr. President, go!
I think someone in the NG field should propose to do this. NG is a big deal now. I know Evergreen Resourses pulled a lot of their well guys out of southern CO to go to AK. Perhaps that's the start of what you're talking about.
I suggest they find some pictures of the terrain before they bother with carrying chains all the way to ANWR.
There is nothing there but a solid sheet of ice which is dark 6 months of the year. Trees have a very hard time growing in ice instead of soil.
They should be drilled, but then capped for quick access. Rather than allow the oil to be released into the general supply we should keep them as a real reserve. The mere existance of the ability to bring them online quickly will serve to check overseas prices. Overseas producers drop prices primarily to inhibit the capitalization of exploration and developement costs (i.e. they keep prices up, but as soon as they sense a move toward alternate sources they'll boost production to protect their market share).
Frozen lefties, soon...
I hope they get gored by an ungrateful carribou.
Doesn't the U.S. consume about 220 million barrels a month? Something seems off.
"They should be drilled, but then capped for quick access. Rather than allow the oil to be released into the general supply we should keep them as a real reserve. The mere existance of the ability to bring them online quickly will serve to check overseas prices. Overseas producers drop prices primarily to inhibit the capitalization of exploration and developement costs (i.e. they keep prices up, but as soon as they sense a move toward alternate sources they'll boost production to protect their market share)."
This is a good point; I agree with you. It would serve our purposes just as well (we'd get the prices on crude we could work with) while at the same time we wouldn't actually be using our oil supply.
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