Oil Giants Bet Big on Alaska's National Petroleum Reserve
Anchorage News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oil giants like ExxonMobil and Shell are back in Alaskas National Petroleum Reserve, spending $163 million on over a million acres, marking the largest lease sale in decades. This comes as the North Slope sees a revival with new discoveries and massive projects, backed by a pro-drilling Trump administration. While industry insiders see this as a game-changer, conservation groups are fighting back with lawsuits. Despite high costs and legal challenges, experts believe this signals Alaskas oil scene is far from over.
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