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Guest Commentary: Shell exploration cause for optimism in Alaska

 


A dynamic event is underway in Arctic Alaska today: one that, if successful, could have a profound effect on our state’s economy. Shell Alaska is preparing to drill for oil this summer in Alaska’s offshore continental shelf. To date, Shell has expended over $7 billion in gearing up for their effort. They anticipate substantially advancing their delineation effort by the end of this year’s drilling season.

A sobering statistic highlights the significance of Shell’s effort: Of the total estimated oil in Alaska—43.8 billion barrels—88.9 percent is on federal holdings, and only 11.1...



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