Skip to comments.Tax bill opens Alaska to oil production worth billions of dollars, strengthening America
Posted on 12/21/2017 2:36:42 PM PST by Kaslin
An important provision of the tax cut legislation passed by Congress this week allows the American people to finally benefit from abundant petroleum resources that experts predict will be found in a very small area of the Arctic National Wildlife Refuge (ANWR) on Alaskas northern coast.
The legislation directs the Interior Department to hold at least two lease sales over the next 10 years, for a maximum of 2,000 acres opened to drilling. Analysts say the sales could fetch as much as $2.2 billion.
ANWR is enormous 19 million acres, about the size of South Carolina. The 2,000 acres along the coastal plain that would actually be disturbed by drilling, roads and other development work account for about one-hundredth of 1 percent of the vast area.
The narrow coastal plain affected by the legislation contains an estimated 10.4 billion barrels of oil, says Sen. Lisa Murkowski, R-Alaska, who chairs of the Senate Energy and Natural Resources Committee. This could produce about 1 million barrels of oil each day, amounting to about 20 percent of daily U.S. oil production, according to the U.S. Geological Survey.
And theres a good chance the petroleum potential of the area where drilling would be allowed is even higher.
(Excerpt) Read more at foxnews.com ...
Can the 9th circuit weight in on this?
Not too up on how or if our court system can affect things like this.
Woohoo. Good to see some light after the dark ages.
anwr was put off limits because of this very reason....
unfortunately yes, but as many times as they have lost in the US Supreme Court, I wouldn’t worry to much.
The 9th Circuit also holds Alaska in it’s grip of liberalism. Someone is bound to try to tie this up for years in Court. That’s the liberal way.
Raygunfan, 2000 acres in a refuge the size of South Carolina is less than a drop in the bucket. Opening up this small area to oil recovery is a reasonable response to the kind of environmental radicalism and absolutism that has contributed to economic growth under 2% for the past 8 years under Obama.
Hollywood won’t be happy. Good.
This shows our president and some in congress are fighting for the people, not for what the leftist elitists want.
Alaskans will be getting a larger annual oil check in the future, and it won’t be because Obama did anything for them.
That’s only about 3 square miles.
Quote from Steyn...I’m assuming during Bushie’s presidency:
If you cant sell the country on the need (to drill ANWR) when youre at war with a bunch of Islamofascists from the Middle East, when can you? Wouldnt it be more efficient to fly to Alaska and do a walkabout with all the locals who are itching for the drilling to start? And, while youre at it, give a speech out on the ugly barren wasteland the eco-loonies have declared inviolable while getting pecked to pieces by the worlds biggest mosquito herd, whose needs apparently outrank those of the American people.
and the democrats want to block this.
What are the dictators of the mideast paying these days to the politicians and reporters to block oil drilling in the USA?
Im 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 - Im 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!
Thank goodness Trump won and the Supremes, like Kaslin said, usually kill whatever the 9th has ruled.
But still that must take a while, which sucks.
AND there’s always the chance they won’t hear a case.
I wonder what percentage of cases they hear.
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!)
Thanks for the tax cuts. Now CUT SPENDING you SCUMBAG, CRIMINAL pieces OS.
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.
While I like the fact that they’re opening up some new drilling, I had to laugh at the size. We’re only talking about an area just under 3 square miles. That’s almost a joke.
How far do they plan to horizontally drill from there???
I wish it opened up the George’s Bank area off New England. Lots of oil...
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