[Vision2020] 5-27-21 Reuters: Biden administration backs Alaska oil drilling project approved under Trump

[Ron Force]

Here's why Alaska is desperate to pump oil from ANWAR:

   - Without new oil the Alaska pipeline shuts down.
   - Without continued tax receipts from oil, the Alaska state budget might
   have to resort to increasing taxes.
   - Congressional Republicans count on oil taxes to allow more tax cuts.

The senators touted that opening the refuge would provide “billions of
dollars in federal and state revenue” and “reduce our deficit.” Indeed,
congressional Republicans are counting on
<https://www.cbo.gov/publication/53301?utm_source=feedblitz&utm_medium=FeedBlitzEmail&utm_content=812526&utm_campaign=Express_2017-11-09_08%3A00>
nearly
$1.1 billion dollars in revenue from ANWR drilling over the next decade to
fund proposed corporate tax cuts and broader tax reform.
If developing the ANWR is important for the economics of the Republican tax
plan, it’s the Holy Grail for a state struggling with a $3-billion-dollar
annual budget deficit. Low oil production and prices have severely
undermined the state’s finances, not unlike during the 1980s recession.
Tapping the Arctic Refuge has long been touted as the cure-all when low oil
prices have thrown the state into financial panic.
https://e360.yale.edu/features/trans-alaska-pipeline-is-fueling-the-push-to-drill-arctic-refuge

Ron Force
Moscow Idaho USA


On Sun, May 30, 2021 at 1:13 PM Ted Moffett <starbliss at gmail.com> wrote:

> Why should I be surprised?  As if the Democratic Party's commitment to a
> *rapid* transition away from fossil fuels to address climate change is
> more than posturing to placate environmentalists, while they don't dare to
> largely threaten the power of some major fossil fuel corporations, who
> could wage campaigns against the reelection of democratic politicians.
>
> How rapid is "rapid?"  On 4-21-21 climate scientist Stefan Rahmstorf
> indicated:
> RealClimate: Two graphs show the path to 1.5 degrees
> <https://www.realclimate.org/index.php/archives/2021/04/two-graphs-show-the-path-to-1-5-degrees/#comments>
>
>    -     This requires roughly a halving of global CO2 emissions by 2030
>    (as already stated in the IPCC 1.5 degree report).
>
>
>
>
>    -     If the world dithers for another ten years before emissions
>    fall, it will no longer be possible (red curve).
>
> --------------------------------------
> Vision2020 Post: Ted Moffett
> --------------------------------------
> Biden administration backs Alaska oil drilling project approved under
> Trump | Reuters
> <https://www.reuters.com/world/us/biden-administration-backs-alaska-oil-project-approved-under-trump-politico-2021-05-27/>
> The project has been pushed by Alaska Senator Lisa Murkowski, a
> Republican, who along with another Republican senator, Dan Sullivan,
> discussed the oil project during a meeting with Biden on Monday, according
> to Politico.
>
> Murkowski said the engagement with the Biden administration officials
> since that meeting was "very productive".
> =======================================================
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