Arctic Energy Rush for Development : Obama Say 'Net' and ' لا'

Oil, actually any fossil energy type exploration and development is not in the best interests of Mr Obama and the progressive liberal democrats and therefore the country must suffer the consequences. Why the democrats believe America must suffer decline is still puzzling in that they, the progressive socialists benefit by skimming $billions from corporations that do business in the energy field.

I guess it comes down to the old saying, 'do like I say not what I do'. Again, like a scratched CD, when it's about the ideology and the money, then it's about the power to control. And you have to know when it's the Mr Obama ideology drives him, brokers with absolute power are his partners for the tyranny of the few over the many.

In the Race for Arctic Energy, the U.S. and Russia are Polar Opposites
Source:  Gary Roughead, "In the Race for Arctic Energy, the U.S. and Russia are Polar Opposites," Wall Street Journal, August 25, 2015.

August 28, 2015

While the cost of energy is currently in a lull, the United States still imports 40 percent of crude oil needs at the cost of $23.5 billion a month. With almost half of all imported oil purchased from OPEC members, the need to develop alternative energy resources in Alaska is apparent, especially as the natural resources of the Arctic are beginning to draw international attention.

• The Royal Dutch Shell′s approved drilling permit is the only energy exploration currently allowed in U.S. Arctic waters.
• In 2014, Russia produced roughly 2.2 million barrels of offshore oil from the Prirazlomnaya field in the Arctic's Pechora Sea.
• From 2009-2013 Chinese companies were the largest buyers of international oil assets, many of which were in Arctic regions.
• Russia recently submitted a claim for a 200 nautical-mile exclusive economic zone for continental-shelf area of the Arctic.

The current leadership position as chairman of the Arctic Council could be beneficial to the U.S. for ensuring favorable positions on shipping, resources and fisheries standards, and constructive regional engagement. Alaska's outer continental could be ready to produce in 10 to 15 years, right as experts predict shale-oil production and crude-oil production to plateau and possibly decline.

However, if policy makers continue to thwart energy companies attempts to develop this strategic reason, Russia and China′s development of the Arctic could pose serious problems for the United States in the future.