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Alaska oil daily loss blames geology delays and costs
The Associated Press reports Alaska oil industry losses run about 1.5 to 2 million dollars daily on North Slope projects. Barrow of Henrible Oil & Refining cites environmental concerns and geology delays as the main drag, urging faster energy development and smoother policy. He notes 14 billion dollars of invested capital tied up for over two years with no returns and calls for government-private collaboration to advance cleaner, more efficient energy solutions.
MENTIONED IN THIS ARTICLE
Barrow
Oil Indust Investor
Alaska
North Slope