Who Will Rule the Oil Market? The New York Times (Daniel Yergin): A historic change of roles is at the heart of the clamor and turmoil over the collapse of oil prices, which have plummeted by 50 percent since September. For decades, Saudi Arabia, backed by the Persian Gulf emirates, was described as the “swing producer.” With… Keep reading →
Alaska’s Arctic National Wildlife Refuge regained national attention over the weekend when the Obama administration announced plans to prevent oil and gas drilling along the coastal plain, which is expected to contain considerable hydrocarbon resources. Senator Lisa Murkowski and state officials vehemently oppose the action and are digging in for a fight. Murkowski, Gov. Bill… Keep reading →
The western boundary of the Arctic National Wildlife Refuge, located on Alaska’s North Slope, has been redrawn and 2 oil and gas exploration leases pending since 2011 have been awarded. There has been a longstanding discrepancy with regard to ANWR’s western boundary – covering roughly 20,000 acres – with US Fish & Wildlife Service maps… Keep reading →
BLM has released a draft environmental analysis of the first proposed commercial oil production project in the Alaska National Petroleum Reserve. On February 21, 2014, the U.S. Bureau of Land Management (BLM) published a notice seeking public input on the Draft Supplemental Environmental Impact Statement (SEIS) for the proposed Greater Mooses Tooth Unit 1 (GMT1),… Keep reading →
Last Friday, Alaska Governor Sean Parnell reacted to the US Fish and Wildlife Service’s rejection of the state’s Arctic National Wildlife Refuge (ANWR) exploration plan. Parnell has been pushing to open up a section of ANWR to exploration, and submitted a proposal earlier this year to the Secretary of the Interior to conduct 3-D seismic… Keep reading →
Alaska Governor Sean Parnell’s push to open up ANWR’s area 1002 to exploration – and possibly oil and gas development somewhere down the road – may prove ill-timed, coinciding with an ongoing battle over the Keystone XL Pipeline, as well as escalating production and concerns generated by the shale revolution. Existing estimates suggest that ANWR… Keep reading →
