Although the crisis in Ukraine continues to focus attention on Russia’s western border, Moscow is seeking to exploit a more lucrative prize along its vast northern frontage: the Arctic Circle. Melting ice has opened up new transit routes and revealed previously inaccessible oil and mineral deposits. Facing a year of harsh economic constraints, securing exploitable […]
Juneau – Representative Scott Kawasaki (D-Fairbanks) will pre-file legislation aimed at protecting Alaskans from the excessive prices of gasoline and heating fuel. “Alaskans have long seen high gasoline and heating fuel prices even with an oil pipeline in our backyard,” said Rep. Kawasaki. “This bill ensures we pay a fair price for these products and […]
On Tuesday, in a video posted online, President Obama announced his plan to designate Bristol Bay as off-limits to oil and gas leasing. With this decision, Obama has safeguarded the rich fishing waters in the south Bering Sea that provides the country with 40% of the wild-caught seafood and provides a $2 billion a year […]
CHICAGO—With the price of oil now less than $80 a barrel, motorists throughout the United States are benefiting from gas prices below $3 a gallon. However, the decreasing price of gas has a downside for the hydraulic fracturing industry in the United States. North Dakota’s economy is on fire, thanks to developments in technology that […]