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Latest North Slope Borough, Alaska Stories

2008-06-24 02:30:18

To burst the oil bubble, use a drill! If Congress stands up to special interests and develops domestic energy sources, oil prices will tumble. The United States has ample oil reserves. For over a decade, environmentalists have prevented drilling for oil and natural gas in the "1002 Area" of Alaska's Arctic National Wildlife Refuge, an area in the refuge's Northern Coastal Plain set aside by President Carter and Congress for possible oil development in 1980. At 1.5 million acres, the...

2008-06-23 00:00:23

By H. Josef Hebert The Associated Press WASHINGTON - Despite all the big talk from politicians, don't hold your breath for gas-pump relief from Washington. The nation's anger over $4 gasoline is producing political theatrics at the White House, in Congress and on the presidential campaign trail. Republicans are demanding new drilling off the nation's beaches. Democrats want to tax away oil companies' profits. But the politically charged proposals have little chance of becoming law -...

2008-06-22 15:00:21

By Tim Bradner, Alaska Journal of Commerce, Anchorage Jun. 22--ExxonMobil Corp. says it still hopes to settle a contentious dispute with the state of Alaska over development of the Point Thomson gas and condensate field on the North Slope. The company is meanwhile taking a gamble by continuing preparations to begin drilling this winter on a $1.3 billion gas recycling and condensate production project at Point Thomson, which is 60 miles east of the Prudhoe Bay field. The state is...

2008-06-22 15:00:21

By CHARLES KRAUTHAMMER GAS is $4 a gallon. Oil is $135 a barrel and rising. We import two-thirds of our oil, sending hundreds of billions of dollars to the likes of Russia, Venezuela and Saudi Arabia. And yet we voluntarily prohibit ourselves from even exploring huge domestic reserves of petroleum and natural gas. At a time when U.S. crude oil production has fallen 40 percent in the last 25 years, 75 billion barrels of oil have been declared off- limits, according to the U.S. Energy...

2008-06-22 12:00:30

By Charles Krauthammer WASHINGTON -- Gas is $4 a gallon. Oil is $135 a barrel and rising. We import two-thirds of our oil, sending hundreds of billions of dollars to the likes of Russia, Venezuela and Saudi Arabia. And yet we voluntarily prohibit ourselves from even exploring huge domestic reserves of petroleum and natural gas. At a time when U.S. crude oil production has fallen 40 percent in the last 25 years, 75 billion barrels of oil have been declared off- limits, according to the...

2008-06-22 09:00:26

By CHARLES KRAUTHAMMER GAS IS $4 a gallon. Oil is $135 a barrel and rising. We import two-thirds of our oil, sending hundreds of billions of dollars to the likes of Russia, Venezuela and Saudi Arabia. And yet we voluntarily prohibit ourselves from even exploring huge domestic reserves of petroleum and natural gas. At a time when U.S. crude oil production has fallen 40 percent in the past 25 years, 75 billion barrels of oil have been declared off- limits, according to the U.S. Energy...

2008-06-19 09:00:29

By Dave Neslin As the process for updating the rules for Colorado's booming oil and gas industry moves forward, the Colorado Oil and Gas Conservation Commission staff and I will continue to incorporate constructive comments to ensure that the adopted rules fulfill our legislative mandate while allowing the industry to thrive. These changes are part of the rulemaking process that we created to write the best rules possible to balance Colorado's increasing pace of drilling and development...

2008-06-15 15:00:42

By Tim Bradner, Alaska Journal of Commerce, Anchorage Jun. 12--BP and ConocoPhillips have formed the corporation that will pursue the Denali gas pipeline project and named Bud Fackrell, a veteran BP manager in Alaska, as the company's president on June 12. Fackrell will supervise efforts by the new company, Alaska Gas Pipeline LLC, in preliminary engineering and environmental work on a proposed $30 billion-plus North Slope gas pipeline. Initial efforts are aimed at preparing for an open...

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2008-06-15 00:05:00

Less than a month after declaring polar bears a threatened species because of global warming, the Bush administration is giving oil companies permission to search for oil and natural gas among them. The Fish and Wildlife Service issued regulations this week providing legal protection to seven oil companies planning to search for oil and gas in the Chukchi Sea off the northwestern coast of Alaska, even if "small numbers" of polar bears or Pacific walruses are incidentally harmed by their...

2008-06-14 15:00:23

With recent predictions of $150 a barrel crude oil by July 4, and $7-per-gallon gasoline by December of this year, is there any question that America needs to resume drilling for its own oil? There hasn't been a significant leak or oil spill in the United States in more than 39 years, and yet oil companies are denied access to 95 percent of the nation's known reserves. In 1995, the Republican Congress voted to pass legislation allowing the drilling of oil in the Alaska National Wildlife...


Word of the Day
omadhaun
  • A fool; a simpleton: a term of abuse common in Ireland and to a less extent in the Gaelic-speaking parts of Scotland.
This word is partly Irish in origin.