On too another thread concerning OCS.
Just arriving home, I went to KTUU and ADN for anymore updates on the OCS ruling. OilDrum doesn't seem to be showing much interest in this.
KTUU did a small story concerning the Economic Future of OCS and the State. The economist who did the interview is correct. But what KTUU nor the economics teacher didn't happen to mention was if the OCS drilling is totally and completely shut off Conocophillips will be closing down their offices, other then a Production office and moving back to Texas... as well as laying off quite a few people.
BP may also do start shutting down offices and possibly well if it gets nasty concerning BLM. The Federal Government is screwing not only these Oil Comps, who will leave this State, but Alaskans who work in the oil industry.
Exxon may not drill Pt Thomson due to being right next to the ANWR boarder.
You know what could happen:
The Federal Government may be sued again... but this time by a State Government. For bankrupting Alaska which had a lively hood that was thriving due to domestic oil, fishing and tourism... but due to the rising costs of everything could not afford to have more land taken by the BLM. The Commercial Fisherman were sued by the environmentalists for over processing fish. And Tourism slowed because it had become to expensive to come up here and view the Last Frontier... so the cruise ships left and in their wake the communities died. The Permanent Fund is gone as it was taken via the Legislature for community expenses throughout the State. And people left in droves.
Could you see that happening? I can.
I will talk about the OCS wells, Platforms and the danger of the ice and storms in the next thread.
15 hours ago