Oil, Gas & Looking Forward Towards Artic Energy
As global energy demand increases, nations are increasingly looking for the most prudent possible development of natural resources. While we are currently enjoying the benefits of natural gas, the United States and other nations should embrace the idea of tapping into the natural gas and oil located in pristine spaces. As America’s economy and high standard of living depend on our ability to access abundant and affordable energy, the United States, in particular, should consider extracting the natural resources available near Alaska in the Arctic.
In research carried out by the National Petroleum Council, it was found that the Arctic region holds roughly a quarter of the world's natural gas. The study further reveals that the Arctic has 10% of the world's oil. The abundance of natural resources in the Arctic can reverse projected declines in domestic production through posterity. Nonetheless, if the United States fails to research the Arctic, the nation will almost certainly lose its benefits in terms of energy security. We may not be able to anticipate the direction of future advances in technology entirely. Still, a time will come when Arctic power will need to be produced for years afterward. The question is, how soon will this manifest? Well, it all depends on our elected officials plan against future posterity. If policies and decisions are short-sighted, they will have an adverse effect in years and decades to come.
The current presidential administrations have the potential to end offshore leasing in the Arctic at any time. However, the US energy security will be jeopardized by any administration that makes such a decision. Besides, the cancelation of offshore leasing in the Arctic is detrimental to the entire Alaska economy. Even the indigenous communities that are reliant on gas and oil production in Alaska will suffer if the extraction of natural resources stops. If Arctic offshore leasing comes to an end, such communities will not disappear, but they will no longer be able to continue their traditional way of life. For instance, Alaska's mayor is on record as stating the state's Iñupiat group's way of life will be in jeopardy if the ecological conservation is not balanced with adequate resources development to guarantee a sustainable future.
Nearly two dozen Alaskan businesses, labor, consumers, and indigenous groups have formed a coalition to strengthen the importance of allowing Arctic offshore drilling. The coalition has launched a beltway education campaign. Nearly two dozen Alaskan businesses, labor, consumers, and native groups have created an alliance to reinforce the importance of allowing Arctic offshore drilling. The coalition has initiated a beltway education campaign. Former defense experts and military personnel are also participating in the Arctic drilling controversy. Some have written pieces for Washington Post to argue that continued investment in the industry with a permanent presence in the Arctic of Alaska is vital to the security of the country.
For more than a century, energy companies in the Arctic and elsewhere have been safely developing natural gas, oil, and other resources. Energy companies today have almost perfected the techniques for natural resource extraction. As long as the drilling, fracking, and other extraction methods are carried out safely and responsibly by the companies, this shouldn't be a problem for the people of the Arctic. New technology development, combined with high operating standards and a commitment to environmental protection, will benefit both energy companies and the public. Therefore, let's not close the door to the energy options of the United States. All possible energy sources must be kept open-minded. This means that the exploration of natural gas, oil, and other resources of the Arctic, which we need as a species, should not be overruled.