SAJ-99
Well-known member
As @neffa3 point out, no reason to kill a good narrative if it helps collect $$$. Look back at the thread about Biden closing it down. The lease had already went through and the bids showed no one was all that interested. Did that stop oil cos from crying about it? no. Did that stop environmentalist from claiming victory on ANWR? No. It's a game. If you want to play, you have to not care about facts. They are inconvenient.Yeah totally. I guess I mean that more as a "but WHYYYYY"
Next R president is going to open it up, the next D will then close it... it will be a football.
Murkowski we keep trying to prop up the industry at all costs.
I predict Conoco will keep drilling there, esp if there 2021 projects yield good returns. I don't think their activity will keep the states production from declining.
I'm a little bear-ish on the running room of US shale.
In 20 years, assuming we are still at the same rate of oil consumption I could see exploration happening... BUT, I think oil will, in the near future, decline and gas will increase, and if that happens AK has no chance.
I don't really see any scenario in the near term where Alaska oil has a chance... Texas gets nuked?