BP Shuts Down Alaska Oil Field (ANWR - uneconomical)

[Nambe]

ANCHORAGE, Alaska, July 15, 2003 (ENS)

International oil giant BP will shut down its easternmost field on Alaska's North Slope because it has become uneconomical to continue production.

The Badami oil field is the field closed to the coastal plain of the Arctic National Wildlife Refuge (ANWR), which has been targeted by many Congressional Republicans and the Bush administration as a potential source of oil.

BP could restart production at the field if market conditions justify, but conservationists believe the decision shows that the nation should look energy policies that do not include oil drilling in ANWR.

"The Arctic Refuge is an expensive and risky gamble for the oil companies, and opening the area will not generate substantial revenues," said PIRG Arctic Fellow Justin Tatham. "When you look at the oil industry's conservative investment criteria - and BP's experience at Badami - it is hard to understand why any company would want to invest in the Refuge." ---

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[TlalocW]

1. I think

It's not so much that conservatives think that there's a lot of oil in ANWR but more of an attitude of, "We can't let the liberals win this issue no matter the cost."

TlalocW

[Frances]

2. Agree

I was listening to NPR a couple of years ago and a man from Texas called. He said that he loved his SUV and that he did not plan to ever visit Alaska and he didn't care what oil drilling would do to that state.

[Mountainman]

3. opening the area will not generate substantial revenues,

opening the area will not generate substantial revenues,


That is something the Republicans, the party with lots of money, should understand. Well, all but the freepers can understand it.

"Hey Jim Rob, it isn't worth the money to drill in the ANWR, so we should forget about it."



"The Rats are against drilling so I'm for it. Who cares what it costs?"

[Lexingtonian]

4. As I've argued before

The real point of opening ANWR to oil drilling is the drilling, not the oil (except to Alaskans). W and Dick's pals in Houston (Halliburton is only the most obvious, Enron the second) own the companies that drill the holes and sell the pipes'n'crap. Iraq presented the same or better sort of 'opportunity' to make a buck on the capital costs of pumping oil off American oil companies (and thus the American or Asian consumer) or the American taxpayer (see: American consumer).

The people being pillaged by every act of the Bush/Cheney Administration is, every single time, the most propagandized, clueless, and largest wealth-holding pseudo-individual in the world: the Average American taxpayer/corporation slave.