Does Drilling in ANWR Make More Sense than the Alaskan Offshore?
At this writing, Shell Oil is awaiting final permits from the Department of the Interior and EPA for drill two of five wells in the Arctic Ocean offshore Alaska that were originally planned for 2012. Later than normal breakup of pack ice also caused Shell some delays. According to Human Events: The company is now counting on operations beginning in early August, which gives them | Read More »
EPA Ruling Kills Shell’s Plans to Drill Offshore Alaska
A ruling by the Environmental Appeals Board of the EPA has scuttled Shell Oil Company’s plan to drill its initial exploratory test in Alaska’s Chukchi Sea. This is at least the second time drilling has been deferred or delayed due to environmental concerns. But this time, the reason proffered by EPA seems to be “Because we can.” The EPA’s appeals board ruled that Shell had | Read More »
Sean Parnell Pushes Changes to Alaska’s Controversial Energy Tax
Governor Sean Parnell has learned the lesson succinctly stated by my governor, Bobby Jindal: When you want less of an activity, tax it. When you want more of the activity, reduce taxes on it. In this instance, the tax in question is “Alaska’s Clear and Equitable Share”, or ACES. It has been mischaracterized as a Windfall Profits Tax, but the effect is much the same. | Read More »