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Predictable
Anchorage Times editorial
Thursday, May 21, 1998
I T WAS NOT surprising that the U.S. Geological Survey, after three years
of comprehensive reevaluation of historic seismic data by dozens of government
scientists, has doubled its best guess of the potential oil reserves beneath
the coastal plain of ANWR.
Nor was it surprising to see the daffy reaction to the USGS's reassessment
that came from the national environmental lobby and from some politicians
back East. "Irrelevant" was how one congressional Democrat saw the
USGS report, according to the Washington Post.
We can only imagine the kind of twit who would dismiss as meaningless
the most promising site in the United States for a major petroleum discovery
-- one that potentially could supply fuel to the nation for a quarter
of a century or longer.
The latest estimates confirm that the Arctic National Wildlife Refuge
remains the nation's best oil prospect. According to the USGS, odds are
good that there are between 11 billion and 31 billion barrels of oil beneath
the coastal plain. The recoverable amount is estimated to be between 6
billion and 16 billion barrels.
This is more than double the amount of recoverable oil estimated by the
Department of Interior 11 years ago in its initial study of the coastal
plain. And it is many, many times greater than the meaningless estimate
the department publicized in 1995 after a two-day, seat-of-the-pants review
that was nothing more than a bogus assessment to provide President Clinton
cover when he subsequently vetoed legislation to open ANWR.
Given the oil industry's success in finding new reservoirs on state land
around Prudhoe Bay, and given its ability to use new technology to reassess
historic field data, the revised ANWR numbers were predictable. The question
is, what will come of it?
The Clinton/Gore team is unlikely to endorse an effort to open ANWR.
Just the opposite. Administration officials panned the report and said
the decision to keep the coastal plain closed to development would not
be revisited while Clinton is in the White House.
But surely the administration will feel increasing pressure to change
its adamant opposition. Sen. Frank Murkowski, for example, is proposing
that the federal government fund 3-D seismic testing of the region. "USGS
has good theoretical expertise, but their estimates are hamstrung by use
of old data," he said. "You can now obtain detailed images of the
subsurface geology with little or no impact on the environmental and we
ought to do so."
Absolutely. Additional scientific work might provide even more evidence
of ANWR's rich oil potential.
Committee.
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