Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Opinion: Fracking could fuel Alaska’s next oil boom
marketwatch.com ^ | Apr 18, 2017 1:37 p.m. ET | By Scott L. Montgomery

Posted on 04/18/2017 11:02:30 AM PDT by 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

*******************************INteractive chart****************************

Varios prices by trading time. of day

***************************************************

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.

************************

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

CLK7, -0.02%

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.

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


TOPICS: Business/Economy; US: Alaska
KEYWORDS: alaska; drillbabydrill; energy; palinwasright
Navigation: use the links below to view more comments.
first 1-2021-22 next last

1 posted on 04/18/2017 11:02:30 AM PDT by Ernest_at_the_Beach
[ Post Reply | Private Reply | View Replies]

To: thackney; LucyT; SunkenCiv; NormsRevenge; Grampa Dave; SierraWasp; TigersEye; Oynx; Marine_Uncle; ..

fyi


2 posted on 04/18/2017 11:05:14 AM PDT by Ernest_at_the_Beach (The swamp is worse than most can imagine.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ernest_at_the_Beach

If only the POTUS would allow drilling in Alaska.

Oh. Wait.

WINNING!


3 posted on 04/18/2017 11:08:25 AM PDT by Gamecock (Twitter: What a real democracy looks like.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ernest_at_the_Beach
Now way. Have to maintain the environmentalists agenda of starving the American people of energy so that they will use less. We cannot make energy plentiful and cheap. No.no.no!/sarc
4 posted on 04/18/2017 11:14:52 AM PDT by dhs12345
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ernest_at_the_Beach

FRACK the caribou!


5 posted on 04/18/2017 11:15:17 AM PDT by WakeUpAndVote
[ Post Reply | Private Reply | To 1 | View Replies]

To: dhs12345
The Authors closing comment:

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.

****************************

*************************************

Take that RUSSIA!!!!

6 posted on 04/18/2017 11:34:21 AM PDT by Ernest_at_the_Beach (The swamp is worse than most can imagine.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: WakeUpAndVote

Merci,....Merci!!!


7 posted on 04/18/2017 11:36:29 AM PDT by Ernest_at_the_Beach (The swamp is worse than most can imagine.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Ernest_at_the_Beach
The benefits are more than just cheap energy to heat and light our homes. We'll hurt our enemies economically, too. Good point!

A win-win!

8 posted on 04/18/2017 11:39:13 AM PDT by dhs12345
[ Post Reply | Private Reply | To 6 | View Replies]

To: dhs12345

Sell your Tesla stock too!


9 posted on 04/18/2017 11:44:01 AM PDT by Ernest_at_the_Beach (The swamp is worse than most can imagine.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Ernest_at_the_Beach; cracker45; Tainan; Jet Jaguar; SENTINEL; redpoll; ArmyTeach; Eska; hattend; ...

Alaska Ping!

10 posted on 04/18/2017 11:44:29 AM PDT by KC_Lion (Proud Keeper of the Sarah Palin and New First Lady Melania Ping Lists. Let me know if you want on.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ernest_at_the_Beach

Don’t have any.

On the other hand, how would we charge our Teslas without plentiful fracked nat gas? Wind and solar are not going to cut it.


11 posted on 04/18/2017 11:48:07 AM PDT by dhs12345
[ Post Reply | Private Reply | To 9 | View Replies]

To: dhs12345; 2ndDivisionVet
Related thread:

Trump prepares to overturn Obama’s limits on offshore oil drilling

WINNING!!!!


12 posted on 04/18/2017 11:53:46 AM PDT by Ernest_at_the_Beach (The swamp is worse than most can imagine.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: dhs12345; Ernest_at_the_Beach
Shell went up and drilled the arctic when oil was a $100/barrel. But after the price of oil collapsed in 2015 they abandoned that lease that they bought from Bush and made monthly lease payments on. It was after they abandoned that lease that Obama put the moratorium on it, but Trump removed it.

Don't look for anyone to go up there and drill unless the price of oil goes up to 100-150.

And if the price goes up to 100-150, you should buy Tesla stock.

13 posted on 04/18/2017 11:56:21 AM PDT by Ben Ficklin
[ Post Reply | Private Reply | To 8 | View Replies]

To: Gamecock

See Link at #12.


14 posted on 04/18/2017 11:58:20 AM PDT by Ernest_at_the_Beach (The swamp is worse than most can imagine.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Ben Ficklin

It is at a break even point at $50.00 a barrel. Just a little nudge to $60 will get it rolling again.


15 posted on 04/18/2017 12:02:40 PM PDT by IC Ken
[ Post Reply | Private Reply | To 13 | View Replies]

To: IC Ken

no it won’t. The lifting price in the arctic ocean is much, much higher than $50


16 posted on 04/18/2017 12:09:46 PM PDT by Ben Ficklin
[ Post Reply | Private Reply | To 15 | View Replies]

To: IC Ken

Judging by how slow the oil price has moved since 2015, I doubt that we will ever see $60/bbl any time soon.


17 posted on 04/18/2017 12:50:50 PM PDT by 353FMG (AMERICA FIRST.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: IC Ken

Judging by how slow the oil price has moved since 2015, I doubt that we will ever see $60/bbl any time soon or ever again.


18 posted on 04/18/2017 12:51:38 PM PDT by 353FMG (AMERICA FIRST.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Ernest_at_the_Beach

Somebody help me out here. All the fracking and newly discovered oil deposits was ballyhooed as a guarantee of lower gasoline prices. Well, the price of Regular here in Pennsyltucky just jumped to $2.55 per gallon. Yes, PA has high taxes, but that was already figured in. Gas prices in Maryland and Delaware, which used to be 20 cents cheaper have jumped right up to nearly the same price as PA. We’re being played.


19 posted on 04/18/2017 1:07:59 PM PDT by Tucker39 (In giving us The Christ, God gave us the ONE thing we desperately NEEDED; a Savior.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tucker39
Did the taxes change?

Here in California the State just raised taxes by 12 cents I believe.

20 posted on 04/18/2017 3:15:05 PM PDT by Ernest_at_the_Beach (The swamp is worse than most can imagine.)
[ Post Reply | Private Reply | To 19 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-22 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson