Arctic Drilling a Bittersweet Prize for Oil Industry
08/19/20 • 16 min
Drilling for oil in the Arctic National Wildlife Refuge, a decades-long dream of the energy industry, is closer to reality than ever before after the Trump Administration announced it will start auctioning off drilling rights as early as this year.
But these drilling rights could easily be slow-rolled—or even outright canceled—if Democratic nominee Joe Biden becomes President next year, according to Jennifer A. Dlouhy, an environmental reporter with Bloomberg News. And beyond that, the oil industry is facing record-low prices, with many firms struggling to simply stay in business, Dlouhy said. Will anyone even want to drill in the Arctic?
Dlouhy joins our podcast, Parts Per Billion, to talk about what exactly the Trump Administration did with ANWR and why so much of the refuge's future depends on the outcome of this November's elections.
Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.
Drilling for oil in the Arctic National Wildlife Refuge, a decades-long dream of the energy industry, is closer to reality than ever before after the Trump Administration announced it will start auctioning off drilling rights as early as this year.
But these drilling rights could easily be slow-rolled—or even outright canceled—if Democratic nominee Joe Biden becomes President next year, according to Jennifer A. Dlouhy, an environmental reporter with Bloomberg News. And beyond that, the oil industry is facing record-low prices, with many firms struggling to simply stay in business, Dlouhy said. Will anyone even want to drill in the Arctic?
Dlouhy joins our podcast, Parts Per Billion, to talk about what exactly the Trump Administration did with ANWR and why so much of the refuge's future depends on the outcome of this November's elections.
Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.
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Parts Per Billion - Arctic Drilling a Bittersweet Prize for Oil Industry
Transcript
For decades, literally decades, oil companies have been dreaming about being able to drill in an Arctic wildlife refuge in northeastern Alaska. Now they may finally be on the verge of being able to do it. But the question is do they even still want to? Hello and welcome back once again to Parts per Billion, the environmental podcast from Bloomberg Law. I'm your host, David Schultzen. I'm back from vacation and raring to go. Today. We're gonna hea
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