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Showing posts with the label shell. alsaka

Who owns the North Pole - Part 50

We have now reached a land-mark half-century of posts titled Who Owns the North Pole. Why bother? Because it raises questions of national sovereignty over a previously ecologically vulnerable region that will become increasingly exploited for its natural resources as a consequence of climate change. The issue of the arctic reveals the nature of capitalist expansion.

Dan Sullivan, a former state attorney general, is the commissioner of Alaska's Department of Natural Resources says that Alaska has about 40 billion barrels of technically recoverable oil and more than 200 trillion cubic feet of conventional gas.with some experts predicting that the United States could become the largest hydrocarbon producer in the word -- outstripping Saudi Arabia and Russia -- by 2020. Developing Arctic resources will promote our American interests in many ways: securing a politically stable, long-term supply of domestic energy; boosting U.S. economic growth and jobs; reducing the federal trade defi…