Don’t think I’d pay 440k a day for THAT rig!
The current Alaska pipeline, which is 30years old, once produced as much as 2 million barrels per day.
Today it is producing approximately 700,000 barrels per day from what I have heard on shows like Kudlow, Rush and read here.
When the volume drops to 300,000 (doing the math that could be within 5 years)the pipeline gets shut down, it simply won't work.(If there are oil guys out there with better info than this pleas chime in) Anwar is less than 80 miles from the pipeline. If everything to do with drilling there was fast tracked, permitting, set-up etc. oil could conceivably be flowing in less than 3 years. ,p> One of the big problems is having to work on the frozen tundra which only freezes solid for part of the year.
If we don't start soon we will lose a huge amount of oil for the nation's energy needs. As much as 2 million barrels per day are at stake.