Posted on 10/17/2015 3:50:34 AM PDT by WhiskeyX
Citing "low industry interest," the Interior Department announced a freeze Friday on oil and gas drilling in the Arctic Ocean off Alaska until at least 2017.
(Excerpt) Read more at washingtontimes.com ...
Plenty of time for Russia to lay claim to the north pole, no?
Putin gets huge green light.
How about we freeze Hussein till 2017, and drill baby drill!
Question ...does this mean the people in Alaska will NOT get their oil share check or what ever it is called that they get??
Let’s just say it is going to be less than it would have been. Shell pulled out the other day when they hit a dry well. The exorbitant costs were not worth the risks at the present time due to the collapse of the oil and gas pricing.
Is it just about oil or is it about territorial claims if the US doesn’t have a presence there?
it is about catching hell from the enviros
it is about politics of enviro ignorance
The a$$hole just had to take one more shot at us before leaving....just to prove he IS what we all thought he was all along. Even liberals are abandoning him now.
It’s only about the oil and gas deposits well within U.S. jurisdiction, and it concerns the extremely high costs of discovery drilling in the Arctic and the Federal sale of the mineral leases versus whether or not sufficient profit can be earned when they have already had one extremely dry hole in the formation that was supposed to be so promising. Shell has already been trimming costs to weather the collapse of oil prices, so this very expensive dry well does nothing to inspire confidence in earning any money developing the field at this point in time and the bad world economy.
It won’t stop Putin. What a puss.
The US, Russia, Canada, Denmark(Greenland), and Norway have their respective EEZs in Arctic waters.
UNCLOS also allows nations to claim submerged land that extend out beyond the 200 N mile EEZ, if that submerged land is an extension the nation's shelf, but that nation has to have the technical data to prove it part of their shelf.
In the Arctic there is the Lomonosov ridge, which extends from the Canadian-Greenland border to Russia, passing almost directly over the north pole. All 3 nations have claimed that the Lomonosov ridge is an extension of their shelf so all 3 have overlapping claims on this ridge.
The US makes no claims on the ridge but says the ridge is not an extension of Canada's, Denmark's, or Russia's shelf and is in international waters under the control of UNCLOS.
Russia was the first to claim the ridge(2008) under the protocols of UNCLOS, but the claim was rejected by UNCLOS because the Russia's data was insufficient. Russia would develop more data and resubmit their claim, which is where it stands.
The US likely has the data that contradicts Russia's claim, but because the US has never ratified UNCLOS, we don't have a seat on the technical committee and no way to submit the data that disputes Russia's claim. Or Canada's and Denmark's claim.
It could be that eventually Russia, Canada, and Denmark negotiate a deal in which they split up the ridge, each getting a share.
In other words, of the multi-well program, they drilled the last well first. Bummer. I’ve been on a couple of those.
Ping.
Last shot? Just wait until he starts pardoning blacks convicted of drug crimes. I don't think we've seen anything yet.
And if he can think of a way, he'll be broadcasting out top secret nuclear and military information to the entire world.
WWATD? (What would a traitor do?)
The Russians chased Obama out...
Isn’t that rather odd? If there is low industry interest, why would a freeze be warranted? Wouldn’t the lack of interest take care of not drilling? Must be another reason, as usual, with this impostor.
On the contrary...Obama previously gave seven islands in oil rich waters to the Russians.
Subject: Losing a part of oil rich Alaska
Get this – as usual it is being done quietly and most Americans are TOTALLY unaware of it.
Obama Giveaway – Oil Rich Islands of Alaska to Russia. As a part of Obama’s war against U.S. energy independence includes a foreign aid program that directly threatens Alaska’s sovereign territory and your land and mine.
Obama’s State Department is GIVING away seven (7) strategic resource laden Alaskan island to the Russians
That’s what hussein calls creating jobs.
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.