Cold receptions for Shell in Lower 48 ports mean opportunity for Alaska
Frank Murkowski: July 19, 2015
A dynamic event is underway in Arctic Alaska today: one that, if successful, could have a profound effect on our state’s economy. Shell Alaska is preparing to drill for oil this summer in Alaska’s offshore continental shelf. To date, Shell has expended over $7 billion in gearing up for their effort. They anticipate substantially advancing their delineation effort by the end of this year’s drilling season.
A sobering statistic highlights the significance of Shell’s effort: Of the total estimated oil in Alaska, 43.8 billion barrels, 88.9 percent is on federal holdings, and only 11.1 percent is on state-owned lands. In comparison, the rest of the U.S. oil totals 23.7 bb. according to USGS estimates. Alaska must be allowed to access its federal prospects.
The TRUTH will set you FREE.
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