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U.S. oil and gas companies are unlikely to expand development in Alaska and the Arctic following President Donald Trump's executive order enabling them to do so, company officials and industry ...
President Donald Trump's executive order to boost oil drilling, mining, and logging in Alaska was met with enthusiasm by some state leaders and worry by environmental groups.
JUNEAU, Alaska (AP) — President Donald Trump's expansive executive order aimed at boosting oil and gas drilling, mining and logging in Alaska is being cheered by state political leaders who see new fossil fuel development as critical to Alaska's economic future and criticized by environmental groups that see the proposals as worrying in the face of a warming climate.
Prudhoe Bay Oil Field is a large oil field on Alaska's North Slope.It is the largest oil field in North America, covering 213,543 acres (86,418 ha) and originally contained approximately 25 billion barrels (4.0 × 10 9 m 3) of oil. [1]
"The opening of ANWR is projected to have its largest oil price reduction impacts as follows: a reduction in low-sulfur, light crude oil prices of $0.41 per barrel (2006 dollars) in 2026 for the low oil resource case, $0.75 per barrel in 2025 for the mean oil resource case, and $1.44 per barrel in 2027 for the high oil resource case, relative ...
Prudhoe Bay on Alaska's North Slope is the highest yielding oil field in the United States and on North America, typically producing about 400,000 barrels per day (64,000 m 3 /d). The Trans-Alaska Pipeline can pump up to 2.1 million barrels (330,000 m 3 ) of crude oil per day, more than any other crude oil pipeline in the United States.
In April, President Joe Biden's administration took steps to limit both oil and gas drilling and mining in Alaska. The regulations blocked development on 40% of NPR-A to protect wildlife habitat ...
(Reuters) -The Biden administration took steps on Friday to limit both oil and gas drilling and mining in Alaska, angering state officials who said the restrictions will cost jobs and make the U.S ...