Quote:
modern drilling technology can safeguard the refuge and still tap the likely -- though not yet certain -- 10.4 billion barrels of crude in the refuge.
likely, but not certain yet?
what's that mean?
and what data is behind this?
ridiculous!
i had the chance the hear some really interesting stuff this morning on a great radio show (CBC Radio One)
they had a guy (former guy) from Haliburton.
He's still in the oil business but as an independent, oil research something, something.
anyways a few facts CNN isn't letting people know:
1) TWO major oil companies just opted out of drilling in ANWR
the reason is most oil companies don't believe that there's ANY oil there.
the test area is in a huge unprotected area in the eastern end which there is NO true figures, only assumptions of what could be underneath.
This guy said that it's well know that whatever oil there is in Alaska is already being taken in the West but these reserves are low and there seems to be a big push from Alaskan polititians to allow this new Eastern drilling test in ANWR.
Ultimately it seems that the Alaskan politicians know reserves are very low in already drilled oil areas in that state and state revenues from these are falling every year and will eventually run out if there's no new drilling sites located for oil companies.
So it's suggested that this is a case of eager hope by politicians that this could be a new way to open up more revenue for the state.