Will Political Dark Clouds Lead to a Dimming of Alaska’s Bright Energy Future?
June 17, 2020
As Alaska’s North Slope Crude prices creep up above the $41 per barrel mark, ConocoPhillips rolls back its 100,000-barrel-per-day reduction in throughput (starting July 1st) and multiple projects on the Slope and in Cook Inlet creep forward in their exploration and permitting processes, one might look at the industry and see signs of recovery. Most Alaskans want that to be the case. After all, our economy – already reeling from lower-than-forecasted oil revenues – is going to continue to be driven by responsible resource development. One in four private-sector jobs are directly or indirectly tied to oil and gas development. …