Debunking the Myth of Oil Dependency in Alaska

treasure_america.jpgI got back from Alaska last week, and we’re in the process of pulling together our documentary film about the oil issure in the Arctic National Wildlife Refuge. If there’s anything I’ve learned from this experience, it’s that the issue is extremely complex. Still, we uncovered plenty of evidence that opening the refuge to drilling will have a trivial, at best, impact on gas prices. The only really positive outcome to drilling that I can think of is that it might allow oil sales to China that could play-down the US-China trade deficit to some extent. But amazingly, it’s more likely to have a negative effect on American business in the long-term because it discourages innovation at the very momment when we need it most.
As for the residents of the North Slope, who have found themselves dependant on what is essentially a welfare system handed out by the oil industry, there exists a great deal of untapped potential for non-oil-based economic growth. It just needs to be encouraged. Read the latest TAP press release “Debunking the Myth of Oil Dependency in Alaska” for a taste.
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Nick Aster is a new media architect and the founder of TriplePundit.com

TriplePundit.com has since grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.

Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He was instrumental in the creation of TreeHugger.com, managing the technical side of the publication for 3 years as well as an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.

Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.