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US to open 3.9m acres in Alaska for drilling
Financial Times ^ | July 16, 2008 | Sheila McNulty

Posted on 07/16/2008 7:18:15 PM PDT by bobsunshine

The US federal government on Wednesday said it would open 3.9m acres of land in a designated petroleum reserve in Alaska for drilling as a means to help curb rising petrol prices.

“This is welcome news at a time when Americans are paying record prices at the pump,” said C. Stephen Allred, assistant US Secretary for Land and Minerals. “Together with proposed new production from other offshore and onshore areas, these increased supplies will help to stabilise energy costs.’’

The Alaska decision follows one by President George W. Bush on Monday to lift a presidential ban on drilling on the US outer continental shelf, off Florida. That decision still requires Congress to lift a separate ban on the area before the area can be leased for development.

But the Bureau of Land Management, an agency within the US Department of the Interior, said the Alaskan land that will now be offered requires no other approvals and will be up for leasing in the autumn.

(Excerpt) Read more at ft.com ...


TOPICS: Business/Economy; Extended News; News/Current Events; US: Alaska
KEYWORDS: 110th; alaska; beeber; blm; bush; drillheredrillnow; drilling; energy; oil; stuned; term2; thanksgovhacks
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To: DaveTesla

Actually, crude oil prices have dropped by more than $15 a barrel in the past three days. The report on Fox indicates that the National average price of fuel has not changed by a single cent despite this three day drop in crude oil prices. Prices at the pump where we buy gasoline has dropped a few cents over the past couple of days. I hope this is the start of a trend.


221 posted on 07/17/2008 5:14:44 PM PDT by SoldierDad (Proud Dad of a U.S. Army Soldier soon to be training other Army Soldiers)
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To: bobsunshine

**But the Bureau of Land Management, an agency within the US Department of the Interior, said the Alaskan land that will now be offered requires no other approvals and will be up for leasing in the autumn.**

BTTT!


222 posted on 07/17/2008 5:30:44 PM PDT by Salvation (†With God all things are possible.†)
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To: bobsunshine
bumper-sticker
 
 

Contact your Congress critters to let them know that you are tired of high gas prices.

U. S. Senate

U. S. House of Representatives

223 posted on 07/17/2008 5:31:08 PM PDT by Salvation (†With God all things are possible.†)
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To: bobsunshine
Woooo Hooo!

Has anyone noticed the decline in the price of oil per bbl. that greeted this announcement?

Finally the "A" team has a little viss and pinegar!

224 posted on 07/17/2008 6:19:57 PM PDT by Candor7 (Fascism? All it takes is for good men to say nothing, (Expose Obama))
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To: thackney
So basically this simply sells leases [ie revenue generation] that potentially cant even be tested/drilled ???

Id really like to see the next 'tree sitter' greenie bastard dropped like a raccoon...

better yet cut the friggin tree down with em in it...

225 posted on 07/17/2008 6:50:30 PM PDT by Gilbo_3 (Trust in the Lord...vote yer conscience...=...LiveFReeOr Die...)
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To: Humble Servant

I wouldnt p!$$ on em to put the fire out...


226 posted on 07/17/2008 7:01:11 PM PDT by Gilbo_3 (Trust in the Lord...vote yer conscience...=...LiveFReeOr Die...)
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To: Gilbo_3

It’s amazing, when someone in Iran farts the price of oil goes up $5 a barrel, and in turn gasoline goes up a dime the very next day, but when we announce we are finally making small headway in Alaska, even though the price of oil drops $15 in 3 days, the price of gasoline will take 2 weeks to drop 2 cents!! Can anyone say, PRICE GOUGING.


227 posted on 07/17/2008 8:09:54 PM PDT by cla62
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To: cla62; RightWhale; All

“even though the price of oil drops $15 in 3 days, the price of gasoline will take 2 weeks to drop 2 cents!!”

A report these evening said that each dollar drop should cause about 2 1/2 cents decrease, so $15 should bring it down about 37 1/2 cents. To check out daily oil prices to 2015, see:

http://futures.tradingcharts.com/marketquotes/index.php3?market=CL

Actually, I mean you can check each day to see that day’s prices for month’s futures to 2015.

I also heard more about Al Gore’s proposal to have all electricity using renewable US sources in 10 years. T. Boone Pickens has been pushing wind energy in Texas and the middle west. Today, the Texas legislature, I think,approved $4.9 billion to construct a link between Texas wind fields and east Texas cities. I guess there might be a connection.


228 posted on 07/17/2008 9:51:44 PM PDT by gleeaikin
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To: 1rudeboy
You're kidding right?? Did you think the US MSM would actually announced this?? This is a blow against the enviro-left wing whackos. With the technology the way is it today, all they need is less than 4 acres to work with. But you watch, the environmentalists will fight to keep the trucks supplying the drill site from getting access to it. Mark my words. Whackos will be jumping out and laying in front of trucks to stop the drilling. One way or the other, the enviro-whack jobs will do something.
229 posted on 07/17/2008 10:26:11 PM PDT by antiunion person (President McCain--what a disgusting phrase.)
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To: bobsunshine
So this news alone caused a drop in crude futures prices?

Gee, I thought everyone's been saying it would take 5 years, so there was no point in doing anything at all?
</sarc>

230 posted on 07/17/2008 11:20:13 PM PDT by Redbob ("WWJBD" ="What Would Jack Bauer Do?")
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To: gleeaikin
"Today, the Texas legislature, I think,approved $4.9 billion to construct a link between Texas wind fields and east Texas cities. I guess there might be a connection."

Driving through southern Colorado and northern New Mexico this afternoon and evening, I passed a lot of wind generators - and all of them were standing still. Not a breath of wind was there.

What we really need is a way of harnessing T.Boone Pickens' hot air...

231 posted on 07/17/2008 11:28:41 PM PDT by Redbob ("WWJBD" ="What Would Jack Bauer Do?")
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To: Salvation

That “American Solutions for Real Change” webpage has a “Click here for real Red, White and Blue Solutions” in English, but the Spanish version says something altogether different.

Why is there even a Spanish version.


232 posted on 07/17/2008 11:37:49 PM PDT by Redbob ("WWJBD" ="What Would Jack Bauer Do?")
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To: Prophet in the wilderness

“willful and wanton malicious harming of Americans families, industries, and our national economy of them putting a stranglehold on our national bloodline of oil by their radical environment policies.”

That seems to be the daily mission of congress. Nothing seems to phase them except the fear of losing their elections.


233 posted on 07/18/2008 6:10:45 AM PDT by o_zarkman44 (No Bull in 08!)
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To: hole_n_one

The word “that” at the beginning of the sentence which you bolded refers to the off-shore drilling ban, not the ban in Alaska.


234 posted on 07/18/2008 6:42:29 AM PDT by Jemian (Politics is just choking good sense.)
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To: SumProVita

If just a small step in the right direction can cut oil prices, think of what decisive action would me for our economy.


235 posted on 07/18/2008 6:44:53 AM PDT by mainerforglobalwarming
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To: Army Air Corps

My next question would be, is there any oil on this land? The rats seem to grudgingly allow exploration in certain places, as long as they know there aren’t any economic oil reserves on them.


236 posted on 07/18/2008 6:44:56 AM PDT by ichabod1 (If it moves, tax it. If it keeps moving, regulate it, and if it stops moving, subsidize it.)
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To: CindyDawg

We may not. I think demand was slumping so much that the Companies have been trying like hell to keep pump prices down, despite what all the Voices would have you believe. I’m not sure the pump price yet reflects $130/bbl oil.


237 posted on 07/18/2008 6:46:35 AM PDT by ichabod1 (If it moves, tax it. If it keeps moving, regulate it, and if it stops moving, subsidize it.)
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To: TruthFactor

Hobama is so vulnerable on this issue, but as always I have to wonder if McCain will put it to him. He likes the fellow.


238 posted on 07/18/2008 6:51:49 AM PDT by ichabod1 (If it moves, tax it. If it keeps moving, regulate it, and if it stops moving, subsidize it.)
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To: ken21

I think some of the rats have been trying to talk down the economy for so long now they’ve forgotten which side they’re supposed to be on.


239 posted on 07/18/2008 6:53:49 AM PDT by ichabod1 (If it moves, tax it. If it keeps moving, regulate it, and if it stops moving, subsidize it.)
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To: gleeaikin

Those would be factors that would affect the price of oil when they result in concrete action such as the Texas Legislature’s allocation. All the factors that might affect the price should be combined, whether Federal, State, Local, or private. Lately there is considerable action compared to any period in the past 30 years. We’re on the move. Retail gasoline should be dropping, although the full 35 cents decrease might take a month to work through the system.


240 posted on 07/18/2008 7:58:03 AM PDT by RightWhale (I will veto each and every beer)
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