Warm Southern Breeze

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Posts Tagged ‘Alaska North Slope’

Drill, Baby! Drill!! President Obama Opens Up Alaska Drilling for Natural Gas & Oil

Posted by Warm Southern Breeze on Friday, February 24, 2012

Here’s how Democrats shut the mouths of naysaying Republicans.

Official photographic portrait of US President...

Alaska’s Shale Oil Tops Eagle Ford, Trails Bakken, U.S. Says

February 24, 2012, 4:37 PM ESTBy Katarzyna Klimasinska

Feb. 24 (Bloomberg) — Alaska’s North Slope shale formation may hold as much as 2 billion barrels of oil, the second-largest U.S. deposit of unconventional crude after the Bakken in North Dakota and more than the Eagle Ford in Texas.

The region may also hold as much as 80 trillion cubic feet of gas, the fourth-largest gas-shale deposit after Marcellus in the Northeast, Haynesville in Texas and Louisiana, and the Eagle Ford, the U.S. Geological Survey said today.

“Alaska’s energy resources hold great promise and economic opportunity for the American people,” Interior Secretary Ken Salazar said today in an e-mailed statement.

President Barack Obama’s administration and the state of Alaska are Read the rest of this entry »

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