A recent New York Times article should make Alaskans think. The headline was “The Oil Industry is on a Roll This Year with New Discoveries.”
The first sentence captures the thrust: “The oil industry has been on a hot streak this year, thanks to a series of major discoveries that have rekindled a sense of excitement across the petroleum sector, despite falling prices and a tough economy.” The article reports 200 significant discoveries so far this year in dozens of countries, including Australia, Brazil, Norway, Ghana and Russia.
Alaska receives mention only as a historical footnote. Continue reading