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March 17, 2010


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In the long run, this has been the case with every new field that requires new technical (or political) challenges to be overcome.

It just requires long term patience for the marginal profitability of the field to work out OK with the costs of meeting the new requirements.

The oil and gas exploration industries are quick to drop new projects when oil economics look shaky simply because of the long period (and large risks incurred) between acquiring rights and ultimately getting some cash back from the oil produced.

It's just a matter of timing.

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Nice post! We should not take for granted all the resources we have!


Thank you, it's been very interestingly. I fully agree with 'MH'.


Thank you, it's been very useful.


Look at our economy and gas prices now though! It seems as if it would almost be beneficial to find a way to get the gas.

Andrew Statezny

Yeah just like any other business idea, when something new comes along and needs lots of motion and approval, you definitely need to be patient.

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yes it seems like there is still so much gas to be discovered.

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  • We'll have a lot of decisions to make in the face of Arctic climate change. This blog is about the range of available choices, and about the tradeoffs involved in making them. Ben Muse, an Alaskan economist, is the blogger. Muse works for a resource management agency. However, any opinions expressed here are his and not necessarily the positions of any former or current employer. In the interests of full disclosure, Muse's current employer has fisheries, marine habitat, endangered species, and marine mammal management responsibilities in the Arctic.

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