I have been working in the oil and natural gas industry for 50 years, and in that time, I have seen a lot of change. In 1974, the trans-Alaska oil pipeline provided me with a job and skills that gave me the ability to continue to live and build a fulfilling life, even after the pipeline was completed. And I was not the only one — many of my friends and neighbors joined the industry and created opportunities for their families to prosper and grow.
That is why I am so concerned by the Bureau of Land Management’s (BLM) proposed rule that could restrict the development of new projects in our National Petroleum Reserve.
I understand how much oil and natural gas have done for us here in Fairbanks and throughout the state. The industry has brought new investment to Alaska and generated revenue supporting our schools, infrastructure, and public programs.
BLM’s backward proposed rule could create a chilling precedent of uncertainty and dry up future investment in Alaska.
As an oil and gas worker, I know how long it takes for a project to start making money. There are years of sitting, development and investment, and billions of dollars that are spent before you even reach that point. It’s a risky business only undertaken if companies can be sure the opportunity will pan out. This rule puts that certainty in jeopardy.
The Biden administration must consider the potential impact on our livelihoods, the industry, and the state before proceeding with this rule.
— Jim Plaquet
Fairbanks
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