The day doth approach for the end of oil riches in Alaska, as the combination of depleting reserves and the big push toward renewables is making further investment into developing still undeveloped fields less attractive to Big Oil. The politicians here are about as well prepared for this as they were for NG running thin in Cook Inlet last winter. As in, not prepared at all and caught with their pants down.
I doubt anyone has a clue how they're going to fund the state goobermint as the have of royalties from oil and gas deposits comes to a close. The only other major reason to be up here is its geopolitical significance as a military base, so as things shut down in oil we'll lose not just revenue but population also. At least that might relieve the housing shortage, but the already severe shortage of medical industry personnel will become unmanageable.
Hopefully I'll buy my ticket to the Great Beyond before things get too bad.
https://www.adn.com/business-economy/energy/2024/05/23/shell-abandons-north-slope-oil-leases-raising-questions-about-the-industrys-future-in-alaska/
Shell abandons North Slope oil leases, raising questions about the industry's future in Alaska
RE
Shell abandons North Slope oil leases, raising questions about the industry’s fu
Started by RE May 23, 2024, 07:43 PM
Message path : / Planetary Material Conditions / Peak oil / Shell abandons North Slope oil leases, raising questions about the industry’s fu
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