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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: KoRn
No doubt Obama would swiftly reverse this if elected.... Because of the announcement oil prices will go down...so that by January, Obama can claim the drilling is no longer needed. ;)
21
posted on
07/16/2008 7:26:55 PM PDT
by
Mr. Jeeves
("One man's 'magic' is another man's engineering. 'Supernatural' is a null word." -- Robert Heinlein)
To: hole_n_one
Best news I heard all day.
That’s one way to piss off congress
22
posted on
07/16/2008 7:27:14 PM PDT
by
mouse1
To: hole_n_one
I think that the sentence that you emphasised in bold refers to proposed offshore drilling. Note the statment a couple of sentences down.
...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.
23
posted on
07/16/2008 7:27:16 PM PDT
by
Army Air Corps
(Four fried chickens and a coke)
To: B Knotts
They better get the rigs up and start drilling off shore before Cuba sells our oil to China.
To: hole_n_one
From what I can gather, this area does NOT require Congressional approval. In the article, they state that the OCS “still requires Congress to lift a separate ban...”
To: netmilsmom
26
posted on
07/16/2008 7:28:33 PM PDT
by
Stonewall Jackson
(Accept the challenges so that you can feel the exhilaration of victory. - George Patton)
To: DaveTesla
Not seeing it at the pumps.
To: bobsunshine
Thank you Sean Hannity!!!
28
posted on
07/16/2008 7:28:53 PM PDT
by
omega4179
(B.Hussein Keep the change!)
To: bobsunshine
29
posted on
07/16/2008 7:29:33 PM PDT
by
arderkrag
(Libertarian Nutcase (Political Compass Coordinates: 9.00, -2.62 - www.politicalcompass.org))
To: ken21
Just the NEWS that drilling will begin will drop the prices.
30
posted on
07/16/2008 7:30:01 PM PDT
by
DaveTesla
(You can fool some of the people some of the time......)
To: Army Air Corps
To: popdonnelly
To: popdonnelly
Stunned and shocked, but happily so! for a change.
33
posted on
07/16/2008 7:31:14 PM PDT
by
gidget7
(Duncan Hunter-Valley Forge Republican!)
To: bobsunshine
Yeah, it was two separate issues.
My mistake.
To: bobsunshine
Is that 3.9 Million, or 3.9 milli acres? Little “M” usually means milli, as in 1/1000.
35
posted on
07/16/2008 7:33:07 PM PDT
by
meyer
(...by any means necessary.)
To: hole_n_one
Yes, the Congress still needs to lift the ban FOR THE OCS! Not for Alaska. Thank you for pursuing this Gov. Palin!!
36
posted on
07/16/2008 7:33:15 PM PDT
by
gidget7
(Duncan Hunter-Valley Forge Republican!)
To: DaveTesla
37
posted on
07/16/2008 7:33:28 PM PDT
by
ken21
(people die and you never hear from them again.)
To: hole_n_one
Hey, I am just happy that this is happening and hope that it is just the first step. More oil production will also help our trade balance.
38
posted on
07/16/2008 7:34:48 PM PDT
by
Army Air Corps
(Four fried chickens and a coke)
To: CindyDawg
Give it time.
You know how it works.
Oil goes up, prices at the pump go up the next day.
Oil goes down, prices go down the weeks later.
Capitalism is like my wife....
She ain't perfect......
But she is the best.
39
posted on
07/16/2008 7:35:54 PM PDT
by
DaveTesla
(You can fool some of the people some of the time......)
To: bobsunshine
40
posted on
07/16/2008 7:35:57 PM PDT
by
wastedyears
(Show me your precious darlings, and I will crush them all)
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