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Alaska Oil Drilling

10 Months of Alaskan Oil: A Soggy Band Aid on a Sinking Ship

By Jeff Siegel
Tuesday, July 10th, 2007

So it looks like they're at it again folks.

I read yesterday morning that the Bureau of Land Management (BLM) could go ahead with plans to allow drilling near Teshekpuk Lake on the North Slope.

According to spokeswoman, Sharon Wilson, the BLM is now reviewing the environmental impact assessment of drilling there.

That's bureaucrat-speak for "we're trying to figure out if we can get away with risking 400,000 acres of pristine, migratory land without getting caught."

But hey, there's an awful lot of oil up there too.

We're talking between 6 and 13 billion barrels.

At 13 billion barrels...that's enough to cover U.S. consumption for almost 2 years.

At 6 billion, we're looking at about 10 fun-filled months.

Brilliant!

Of course, I get it.

It doesn't matter that there's 10 months or 2 years worth of oil up there.

The fact is, as demand increases, and global supplies decrease, a two-year stock of oil in Alaska will fetch a pretty penny.

But it's not going to stop the bleeding.

And even though the gatekeepers will put a shiny coat of spin on it in an effort to placate the public, the fact is, drilling for oil in Alaska is not going to ease the burden at the pump.

Today, 87 Octane is going for $3.00 a gallon. And oil's running around $73 a barrel.

So what will the going rate for regular unleaded be with $80 oil...$90 oil...$100 oil?

Because it's going to happen.

And no two-year supply (and that's being extremely generous) in Alaska can change that.

The flood gates are open, and there's no turning back.

In fact, at this point, it's all about going forward.

Plug-In Hybrid technology, advances in ethanol and biodiesel production, efficient design and materials...these are the real solutions.

They exist now. They work now.

There can be no more excuses, and no more complacency.

No matter how you slice it, drilling in Alaska for a few measly drops of oil that'll be gone faster than you can say "Exxon funds global warming deniers" equates to nothing more than one more soggy band aid on a sinking ship.

Until next time...

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Jeff

 






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Comments:

Comment by tj on 2008-07-17
Hey man,I think 6 - 17 billion barrels of oil would help ease the oil demand. No one is saying we would have to stop importing oil from the middle east. Just add alaska oil to the kitty.
Comment by tom on 2008-06-11
Maybe you can explain something to me. I continually here so many different things about how much oil there is up there, so who is telling the truth? Is it the oil companies that are saying there are billions upon billions of barrels or oil, or is there only a few barrels up there that will last us only two years? Who is right? Sounds like both sides are trying to make a case and get you to believe it. Here is my thoughts, its getting to the point where my wife and I are spending a huge chunck of my pay check to gas to get back and forth to work and the store for food. We both bought the most fuel efficient cars that we could get, but these prices are sky rocketing out of control. No matter how much you hate to hear it, I have to put food on the table for my kids. These prices are going crazy, and we have so much oil in the rockies and in North Dakato, along with off shore drilling. But for China its OK for them to drill 60 or 70 miles off of the coast of Florida, but we can't because animals in Alaska. In 1992 in Washington, there was an uproar about logging and the spotted owl and how they were loosing their habitat. Fair enough, work to curb the problem, but how come no talked about how they were absolutely flourishing in places like Arizona? I am tired of being caught in the middle of double standards; we can't build more wind mills in sourthern California because it would disturb the habitat of a tiny little bug. Is it possible that this country can start getting a little relistict? Lastly, I do not have 30 years to wait for alternative bio fuels. They keep saying they are out there, WHERE??!!!! I would use them if they would actually get put out there. How are we going to explain using all of this corn then we run out places to plant the corn, are we going to blame the Republicans or the Democrats on this one because short sightened views? Just like global warming, all I hear statistics of what could possibly happen, 50 years from now!!!!