I’m guessing that with new and improved drilling methods and fracking, that it is cheaper to get the oil out of Texas and North Dakota for now.
BUT - I’m also guessing that with the re-opening of the Arctic, they will continue exploration of the area for when it becomes cost-effective to drill up there again.
I agree, but 21twelve needs to include New Mexico along with Texas and N.Dakota!
Heh - I just looked it up - New Mexico is double their oil production since 2010. Never hear about them. Back in college I was on a crew doing seismic exploration for uranium deposits near Grants, NM. (Don’t hear about those uranium deposits either. Although there’s a reason for that!)
The infrastructure is already in place for this area. The pipes are run but are not running full This small parcel will complete the original project.
It will almost double the amount of money the people of Alaska receive.
There is a very good article somewhere. Read it about three this morning
Just the fact that we’re opening ANWR will start affecting (if not crashing) global petroleum prices.
The day we actually manage to become petroleum independent is the day that petro-regime-funded terrorism finally begins to die.