Opinion: Fracking could fuel Alaska’s next oil boom

marketwatch.com ^ | Apr 18, 2017 1:37 p.m. ET | By Scott L. Montgomery

[Ernest_at_the_Beach]

Over the past year oil companies have discovered five billion barrels or more of recoverable oil on Alaska’s North Slope

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Varios prices by trading time. of day

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Fracking has been utilized in Alaska since the 1980s, but on a small scale. An earlier version said this would be the first time fracking is used in Alaska.

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Arctic lands and waters hold irresistible allure for global oil companies. Despite opposition from environmental groups and President Obama’s 2016 ban on drilling in federal Arctic waters, exploration in Alaska has revealed massive new volumes of oil.

This comes at a time of low oil prices

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when many observers felt the Arctic would remain off limits. Alaska has proved precisely the opposite. Although it has gone largely unnoticed outside the industry, foreign firms are partnering with American companies to pursue these new possibilities. I expect this new wave of Arctic development will help increase U.S. oil production and influence in world oil markets for at least the next several decades.

[vpintheak]

Caribou love the pipeline! They hang out by it in the winter because it’s warm, and the herd has grown!
But the media and environmental whacko’s won’t tell you that...

[snowtigger]

They also hang out under the modules in summer, it’s cooler and no mosquitoes.