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Debunking the Myth of Oil Dependency in Alaska

| Monday July 25th, 2005 | 0 Comments

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.
If you are in Boston or New York next week please come to our fund-raiser and presentations. For invite info click your city: [Boston][New York].


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