Posted on 02/24/2011 9:54:04 PM PST by fight_truth_decay
Development of resources in the Chukchi and Beaufort seas off Alaska’s Arctic coast would create an average 54,700 jobs/year nationwide with a $145 billion total payroll and generate $193 billion in federal, state, and local revenue over 50 years, according to a study by Northern Economics Inc., Alaska’s largest private economic consulting firm, and the University of Alaska at Anchorage’s Institute of Social and Economic Research.
Commercial production of Arctic Alaska offshore oil and gas resources would generate government revenue estimated at $97 billion (in 2010 dollars) in the Beaufort Sea and $96 billion in the Chukchi Sea over 50 years, said the Feb. 18 study, which was commissioned by Shell Exploration & Production Co. Of the $193 billion of total revenue, the federal government would receive $167 billion, Alaska’s state government would get $15 billion, local governments in the state would get $4 billion, and other state governments would receive $6.5 billion, it said.
It estimated about 30,100 jobs would be generated from Beaufort Sea Outer Continental Shelf development and 24,600 jobs would come from Chukchi Sea OCS development. Production could reach almost 10 billion bbl of oil and 15 tcf of natural gas, the study said.
The study shows thousands of new jobs and billions of dollars in government revenue are locked up off Alaska’s Arctic coast, National Ocean Industries Association Pres. Randall L. Luthi said on Feb. 24. “In these times of economic hardship and global uncertainty, we should take full advantage of the untapped and unexplored oil and natural gas supplies off our own shores,” he maintained. “Responsible and safe development of these resources would not only provide increased domestic energy security, but also needed jobs, income, and government revenue.”
(Excerpt) Read more at ogj.com ...
Interior will process Shell's Beaufort Sea drilling permit for '11
Salazar said in a press conference: "As a result of the Deepwater Horizon oil spill, we learned a number of lessons, most importantly that we need to proceed with caution and focus on creating a more stringent regulatory regime,"...."As that regime continues to be developed and implemented, we have revised our initial March leasing strategy to focus and expend our critical resources on areas with leases that are currently active. Our revised strategy lays out a careful, responsible path for meeting our nation's energy needs while protecting our oceans and coastal communities."
Now you all know that Big “O” said no to oil development; we have to all go green.
Unfortunately we have a President who is at war with the Oil industry.
Pray for America
Even if Barry got out of the way, every law suit has to go through the 9th circus court of denial. I have drawn the unfortunate conclusion, as an Alaskan, that no new development of any kind is possible up here as long as we are part of the United States. It just won’t happen. We haven’t had a new road built in almost 40 years and we are living off an oil field that was supposed to dry up 15 years ago. The Federal Government since the 70’s (one branch or the other) always obstructs, obstructs, obstructs, obstructs.
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