We do more than talk, we are drilling it.
It is now called National Petroleum Reserve in Alaska (NPRA)
The entire area, including Native Lands and the immediate (3 mile) offshore is expected to be over 10 billion barrels oil and over 60 trillion cubic feet of gas.
Here is some updates to the current development and planning.
I am working on projects in this area.
I'm actually embarrassed here. I know about the NPRA but for some reason did not make the connection to the question about the "US Navy" north slope oil reserve.
Thanks for that information, thackney. I'll check it out! :)