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Home Front Economy
Interior Dept to Open 400,000 Acres in Alaska to Oil Drilling
2006-01-12
Edited to remove inappropriate editorializing.

The Interior Department yesterday agreed to open about 400,000 acres on Alaska's North Slope for exploratory oil drilling. Officials said they would lease acreage in the northeastern corner of the National Petroleum Reserve-Alaska to oil companies to provide access to domestic oil supplies.

"We recognize . . . the energy needs of this nation," said Susan Childs, an official with the Bureau of Land Management. "So, hopefully, this will alleviate some of the pressure."

Government officials said that the area of the preserve opened yesterday has significant potential for oil development. They estimate it contains about 2 billion barrels of oil that is economically recoverable, along with 3.5 trillion cubic feet of natural gas. The United States consumes more than 20 million barrels of oil per day. Much of the 23.5 million-acre petroleum reserve already is open to oil development. The reserve, created in 1923, is located west of the Arctic National Wildlife Refuge, long a flashpoint in the debate over allowing oil drilling versus protecting the environment.

The Bureau of Land Management proposed opening the area a year ago. But it was not until yesterday that an Interior Department official, Deputy Assistant Secretary Chad Calvert, approved a modified version of that plan.

The area near Teshekpuk Lake was put off limits to drilling during the Reagan administration. The Clinton administration expanded the restricted area. But the Bureau of Land Management says technological advances in oil drilling allow drilling to occur without the impact previously feared. Drilling will be allowed about a quarter-mile from the lake.

Bureau officials said they would conduct further study on the impact to molting geese before allowing permanent drilling.
Posted by:trailing wife

#5  Well, it'll take years to actually get production out of this area even if we start tomorrow.
Posted by: Phil   2006-01-12 22:32  

#4  Nimble __ sequence is wrong - he's opening this one now to offset the expected rise in oil prices when Iran is hit. This is the first real clue that he may actually do something about the the mullahs
Posted by: Spinese Clealet3760   2006-01-12 22:16  

#3  A victory in the real war on terror.
Posted by: gromgoru   2006-01-12 22:06  

#2  I think Bush will get to open ANWR right after the strikes on Iran when oil goes to $100 a barrel because Iranian shipments have stopped.
Posted by: Nimble Spemble   2006-01-12 22:04  

#1   is this more productive than teh ANWR opening? I'd ram them both through during heating oil price rises and let Schumer, Kennedy(s) et al explain their opposition. Do a documentary of teh real site and real conditions. Explain that "teddy bear" is a fiction and doesn't reside there, drinking coca cola with elk, caribou and especially, not penguins, regardless of the propaganda and sheer lies from enviro nuts
Posted by: Frank G   2006-01-12 21:56  

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