Thursday, August 22, 2019

Alaska Arctic National Wildlife Refuge oil exploration revenue estimate: Trump fantasy vs. lease sales reality

The White House Saw Riches in the Arctic Refuge, but Reality May Fall Short.  (The New York Times, 8/21/2019)
But two years later, with the expected sale of the first oil and gas leases just months away, a New York Times analysis of prior lease sales suggests that the new activity may yield as little as $45 million over the next decade. Even the latest federal government estimate is half the figure the White House predicted. 
The lofty original projection was just one element of a campaign within the administration to present in the best possible light the idea of opening the refuge’s coastal plain after decades of being stymied by Democrats and environmentalists, according to internal government communications and other documents reviewed by The Times.

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