KUNM

Alaskan Oil Economics

Feb 2, 2015

Credit Day Donaldson via Flickr

Wed. 02/04 8a: Although the Obama Administration wants to ensure the vast bulk of the Arctic National Wildlife Refuge could never be opened to fossil fuel extraction, the Interior Department is offering up new areas for potential fossil fuel leasing elsewhere in Alaska, as well as off the East Coast of the US, as detailed in the Administration’s 5-year plan. But with the low price of oil in 2015, producers are slowing down the development of new fossil fuel infrastructure.

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