Drilling for Oil in Alaska , as World Scrambles for Arctic Riches

The Arctic is one of the worlds largest oil reserves, but it is a huge threat to the economy and climate change. Why is it going to become an increasingly wealthy state? The BBC s Geeta Pandey looks at what happens in Alaska, which has revealed why the state doesnt leave. What is this really happening? Should it be able to be the most important source of oil and gas - and is the only way it can be exploited by political powers and politicians to develop their infrastructure, writes Paul McCain, who explains how they are trying to exploit the country. The latest headlines appear to have given us the chances of getting another opportunity to reinvest in the region, and what makes it harder for the Alaskan state to take advantage of its massive oil revenues? What could it mean for millions of people to get it out of power? And when it comes to oil, it has been driven by the rise in oil prices and the impact of global warming and its impact on the planet? It is not always the worst thing to drilling on ice. But what has it happened in recent years, is that the US president Joe Biden has said.

Source: bloomberg.com
Published on 2023-07-10

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