This is a big week for Alaska. On Thursday, June 16, the Bureau of Ocean Energy Management’s (BOEM) comment period on Outer Continental Shelf (OCS) Arctic leases ends and Alaska’s future will be out of its hands. The proposed program phase does not guarantee Arctic areas for leasing will be retained in the final program.
After a historic year of industry pullback, with even more bad news coming just last week, Alaska simply cannot afford to further perpetuate an anti-industry climate when we have the means to tell Washington bureaucrats the actual harm the program would cause.
Any Alaskan as concerned with this trend as the Alliance is needs to weigh in and let your voice be heard. Comment by June 16 on the Bureau proposal here.
- The Alaskan OCS possesses enormous untapped oil and gas resources, with Department of Interior estimates for the Chukchi Sea alone to be approximately 27 billion barrels of oil and 132 trillion cubic feet of natural gas.
- These untapped resources are of critical importance to both Alaska and the United States. Oil and gas development in the Arctic OCS is predicted to produce an annual average of 35,000 direct and indirect jobs over the next half century for Alaska alone. Those jobs would represent a total payroll of over $70 billion.
- Economic activity resulting from Arctic OCS development is also predicted to generate an annual average of nearly 55,000 jobs nationwide, with an estimated cumulative payroll amounting to $145 billion over the same time period.
OCS is too critical to Alaska’s future to risk.
Please comment by June 16 with the Bureau of Ocean Energy Management to make sure your voice is heard.