Alaska's Oil Revival Sparks a New Energy Rush Into the Arctic

Alaska’s oil revival sparks a new energy rush Into the Arctic

When John Kurz left Alaska’s North Slope in 2009, he was staring at a grim future for what had once been the country’s premiere oil field.  Crude production had plummeted to 567,000 barrels per day, barely more than a quarter of the roughly 2 million barrels pumped daily at the field’s peak two decades earlier. The decline stoked concerns that the Trans Alaska Pipeline System, built to carry the state’s oil bounty to the continental US, might st…

Alaska's Oil Revival Sparks a New Energy Rush Into the Arctic

(Bloomberg) — When John Kurz left Alaska’s North Slope in 2009, he was staring at a grim future for what had once been the country’s premiere oil field.

Alaska Oil Revival Sparks New Energy Rush Into Arctic

Alaska has seen a resurgence of oil industry interest.