I went to an energy conferance yesterday. The Alaskan members were furious when they heard the numbers. The oil industry wants to drill for the oil, but the government regulators won't let them.
That's right, 27 Billion barrels of oil. This find is documented and proven up on. It is located on the outer continental shelf, off Alaska's Northern Coast. And the Obama administration's EPA won't let it be taken out of the ground. Shell oil has the drilling platform in place and the materials are on site. All they need to do is Bring the personnel on board and start the drills. Their permit was pulled for reevaluation by the EPA a few weeks ago at the 11th hour.
I heard about this when the EPA pulled the permit, but I did not know the volumn of oil that had been discovered. Here we are paying over $4.00 a gallon for gas, Diesel, and Heating Oil. The EPA is placing fines on our borough for not meeting their clean air standards, because some of us are burning wood in lou of expensive heating oil. We are just trying to stay warm at 30 and 40 below. The Alaska Oil Pipeline is running at 1/3 capacity. There is enough oil there to make us totally independent of foreign oil.
Our fear is that since America has not approved the claim of the area, and refuse to actively drill, is that the Chinese will move in.
