Ok. I’m vaguely aware of this project, and it’s good that the Biden administration has approved a “scaled-back” version. I guess it comes down to the definition of “scaled-back”.More Biden shutting down oil drilling. Damn you Joe.
The New York Times: Biden Clears the Way for Alaska Oil Project.
Biden Clears the Way for Alaska Oil Project
The administration issued an analysis that indicates a scaled-back version of the Willow project could go forward. Opponents call the drilling plan a “carbon bomb.”www.nytimes.com
I know that North Slope production has been on the decline; which is normal without additional exploration and development. Oil is a significant contributor to Alaska’s revenue, so I’m sure their needs played a significant role in getting this project approved. Accordingly, this is more of a one-off situation than a real commitment by Biden and his band of whackadoodles to the domestic oil and gas industry. Hopefully this project will exceed expectations.