Well, here we go back to ANWR. The Trump administration implemented a comprehensive plan on Monday for the lease and eventual progression of herbal oil and fuel deposits at the National Wildlife Refuge in Northern Alaska, also known as ANWR.
The resolution of Interior Secretary David Bernhardt foresees a competitive lease schedule that can offer all of the 1.56 million acres of the ANWR Coastal Plain to auction until the end of this year in an effort to consolidate the policy before the president expires.In addition, as Bernhardt noted on Monday, those lease sales were ordered by Congress and the Ministry of the Interior has a duty to fulfill them.
Understood all this, the question becomes precisely what tension creates the inertia of the administration’s resolve to continue to press the latter on what appear to be a hundred efforts over the more than 40 years to open this northern segment of the ANWR (the entire safe haven takes up more than 19 million acres) to exploration of oil and fuels , or more precisely, who in the industry is driving this right now?
ANWR has been an energy-related political football since the Jimmy Carter administration, when the interests of the industry, adding several giant built-in oil corporations operating in Prudhoe Bay at the time, began advocating for its opening after the final touch of the Trans-Alaska Pipeline System.The industry has long believed that billions more barrels of crude oil are located beneath the ANWR coastal plain and, given its location about 50 miles east of Prudhoe Bay, it would be quite simple to build a new pipeline to send ANWR crude to the TAPS system.
But that would be the only simple facet of leasing, licensing, drilling, generating and trading ANWR crude. It’s not 1977 anymore, and every other facet of such a venture would be incredibly complex, contentious, and expensive, both in terms of dollars and in terms of negative effects on the reputation of any business.
The fight against oil and fuel invariably wages an uphill war every time this concept is introduced, which helps it have served as political football so many times since 1977.In fact, this network has already introduced the points, discussion on Monday.Arrangement as reported through the Houston Chronicle:
“An oil spill at this special sanctuary could devastate polar bears and caribou and cause irreparable damage to a pristine Arctic ecosystem,” said Kristen Monsell, a lawyer at the Center for Biodiversity (CBD).”We have reached a new damaging low in the Trump administration’s obsession with expanding the extraction of dirty fossil fuels.”Terrifying and frightening without a doubt, and precisely the kind of rhetoric that any oil company expressing the slightest interest in getting a lease for a component of the coastal plain would face on a daily basis.
And the spooky rhetoric wouldn’t be limited to classic left-wing environmental pressure teams like CBD: as I detailed here in 2018, ESG’s giant teams of investors who billions of dollars in stocks and oil and fuel investments made the decision to worry a lot.The factor after the convention, led by Alaska Sen. Lisa Murkowski Array, had included the passage of an ANWR’s lease in a giant energy bill.Here’s what I wrote at the time:
In a letter published on May 14, activist institutional investors managing more than $2.5 trillion in assets suggested oil and fuel corporations avoid drilling into the Shelter, saying that corporations that do face “huge reputational dangers and a public reaction,” which is not an invalid point Some corporations, such as Shell , which have attempted to drill in other parts of the Alaskan Arctic region in recent years, have been discovered victims of a wave of negative media attention and probably endless administrative and judicial challenges.
None of these corporations has publicly expressed a wonderful interest in seeking to explore an ANWR.The concept that corporations that are not engaged lately on the north side of Alaska would need to use ANWR as a first step into this province is highly unlikely.
All this is a little confusing, but one thing is now certain: the coming months will be marked by many sounds and fury coming basically from the environmentalist left over ANWR., depends on guessing.
David Blackmon is an independent energy consultant/analyst in Mansfield, TX.David has had a 39-year career in the oil and fuel industry, for the past 23 years
David Blackmon is an independent energy analyst / representative based in Mansfield, TX. David has enjoyed a 39-year career in the oil and fuel industry, the last 23 years of which have been spent in the public policy arena, managing regulatory and legislative issues for various corporations, adding Burlington Resources, Shell, El Paso Corporation, FTI Consulting. and LINN Energy. During this time, David led a host of industry-wide efforts to resolve various issues at the local, state and federal level, and from April 2010 to June 2012 he served as Head of State. of Texas for the American Natural Gas Alliance. In addition to client-related work, David also maintains a developing media communication practice. Most recently he is Associate Editor of Shale Magazine (www.shalemag.com), contributor on energy issues at Forbes.com, and Editor of Feature Films for World Oil Magazine. He is the resident power expert on the radio screen “In The Oil Patch” and participates in common public talks throughout the state of Texas and at conferences. The text or links to all of David’s writings and podcasts are available at www.dbdailyupdate.com. He studied at Texas A&I University and the University of Texas, where he earned a B.A. in Accounting in 1979.