Video: Arctic Imperative Summit June 2011
Radio Interview: (Start 14:30 End about 33:00)
The supergiant Prudhoe Bay and giant Kuparuk oilfields are 90 percent gone.
The largest petroleum development in North American history -- Alaska's North Slope -- is in steep decline.
Flow in the Trans-Alaska Pipeline System (TAPS) is less than 30 percent peak.
As of November 2011, average daily throughput in TAPS is the same as at the start in mid-1977.
Everyone assumes that oil companies cannot wait to "drill, baby, drill" in Arctic Alaska.
On the contrary, in light of the first fifty years of Alaska North Slope experience, it is becoming increasingly likely that the bulk of any remaining oil and gas resource will go undeveloped.
Read The Last Alaskan Barrel: An Arctic Oil Bonanza that Never Was to understand why.
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