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North To Alaska! The Next Oil Boom

August 23, 2018

Via: Forbes

The media was all atwitter about the announcement that Alaska might be the next oil boom province, based on a new report from IHSMarkit which estimated that 28 billion barrels of recoverable resources remain in the Alaskan North Slope (where supergiant Prudhoe Bay lies), as well as significant amounts of natural gas (geologically significant, but unfortunately not economically significant). This, the firm estimates, could lead to a 40% increase in crude production in the next eight years. That would amount to 200 thousand barrels per day, not very significant on a global scale, but important for the state and nation.

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