Last week, the Trump Administration released its National Security Strategy, a 55-page document intended to lay out the administration's strategic interests, threats, and capabilities. Since the 1980's, U.S. administrations have typically released such a strategy about once per four-year term. In releasing its NSS in December, the Trump Administration became the first to do so in its first year in office.
Government scientists just dramatically increased their estimates for how much oil Alaska’s North Slope might hold
The National Petroleum Reserve in Alaska and nearby state- and Alaska Native-owned lands on the western part of Alaska's North Slope hold much more oil than previously believed, according to a new report issued Friday by the U.S. Geological Survey. The new USGS estimate, influenced by exploration successes in the region and produced in accordance with an order from Interior Secretary Ryan Zinke, put the mean estimate for technically recoverable oil in those onshore areas at 8.7 billion barrels.
Politicians from around the globe are this week meeting in Bonn, Germany for talks on how to implement the Paris agreement to fight climate change. The agreement aims to limit warming of the planet to 1.5 degrees Celsius.
Reaching such goal would require to keep a large proportion of existing fossil fuel reserves in the ground. Norway, however, has no plans to leave possible Barents Sea oil under ground. In its 23rd licensing round, oil companies were offered new acreage and exploration drilling has already started.