for Arctic Drilling
The Arctic’s strategic importance to Moscow helps explain why Russia is moving ahead so aggressively in the region while the economic case for doing so is questionable
With an eye on his legacy, President Obama is trying to ink a few energy and environmental victories before he leaves the White House. The Dakota Access pipeline, the BLM's fracking rule, and monument designations are key areas of focus for the outgoing administration.
Republicans have pushed back hard against energy and environmental action Obama has taken after the election, and they will likely try to overturn his decisions once he leaves office.
In order to achieve greater energy security, it’s important that the country prioritizes its potential in tapping all of its natural resources, particularly with crude output gains stalling with oil prices being so low.
The Governor of Alaska has proposed changes to how the state collects revenue, a recognition that the state’s best oil days are likely in the past.
Despite oil prices falling to levels not seen in more than a decade and Arctic drilling efforts halted by major companies such as Royal Dutch Shell, Houston-based Hilcorp’s latest proposal to build a gravel island for oil extraction off the shores of Alaska is still moving forward.
Despite its potential, the Arctic will not likely see large-scale development in the near-to-medium term, if ever. The region’s remote location, lack of infrastructure, harsh conditions, and most importantly, the high-cost of drilling will continue to undermine Arctic oil drilling.
Russian sanctions have isolated the country from the West, but they have not changed President Putin’s overall strategic vision.
After years of regulatory battles, environmental advocacy protests, and more than $7 billion of investment, Royal Dutch Shell is abandoning its costly efforts to extract oil from Alaska’s Arctic waters. But is Arctic oil truly sidelined for good?
Presidential candidates for 2016 have talked immigration, taxes, jobs, social issues, and foreign policy, but critical energy issues have not been on anyone’s radar.