Weiss Gold Veteran Makes Shocking New Call

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Alaska political leaders hope to see Trump undo restrictions on oil drilling

BECKY BOHRER
November 16, 2024

JUNEAU, Alaska (AP) -- President-elect Donald Trump promised repeatedly during his campaign to expand oil drilling in the U.S., which is good news for political leaders in Alaska, where oil is the economic lifeblood and many felt the Biden administration has obstructed efforts to boost the state's diminished production.

A debate over drilling on federal lands on Alaska's petroleum-rich North Slope will likely be revived in the coming months, particularly in the Arctic National Wildlife Refuge, which environmentalists have long sought to protect as one of the country's last wild places.

The question of drilling on the refuge's coastal plain, as Trump sought to do during his first term, also divides Alaska Native communities. Some welcome the potential new revenue while others worry about how it will impact wildlife in an area they consider sacred.

What is the Arctic National Wildlife Refuge?

The largest wildlife refuge in the country covers an area of northeast Alaska roughly the size of South Carolina. It boasts a diverse landscape of mountains and glaciers, tundra plains, rivers and boreal forest, and is home to a variety of wildlife including polar bears, caribou, musk ox and birds.

The fight over whether to drill in the refuge's coastal plain along the Beaufort Sea goes back decades. Drilling advocates say development could create thousands of jobs, generate billions of dollars in revenue, and spur U.S. oil production.

While the U.S. Bureau of Land Management has said the coastal plain could contain 4.25 billion to 11.8 billion barrels of recoverable oil, there is limited information about the amount and quality of oil. And it's unclear whether companies will want to risk pursuing projects that could become mired in litigation. Environmentalists and climate scientists have pushed for a phase-out of fossil fuels to avert the worst consequences of climate change.

The refuge is east of the oil fields in Prudhoe Bay and the National Petroleum Reserve-Alaska, where the Biden administration approved the controversial Willow oil project but also made about half the petroleum reserve off-limits to oil and gas leasing.

Have there been efforts to drill in the refuge?

An exploration well was drilled in the 1980s on lands where Alaska Native corporations held rights, but little information has been released about the results.

Still, opening the coastal plain to drilling has been a longtime goal for members of Alaska's congressional delegation. In 2017, they added language to a tax bill mandating two oil and gas lease sales by late 2024.

The first sale took place in the waning days of the last Trump administration, but President Joe Biden quickly called on Interior Secretary Deb Haaland to review the leasing program.

That led to the cancelation of seven leases that had been acquired by the Alaska Industrial Development and Export Authority, a state corporation. Smaller companies gave up two other leases. Litigation is pending over the canceled leases.

The Biden administration recently released a new environmental review, ahead of the deadline for the second required sale. It proposes offering what the Bureau of Land Management said would be the minimum acreage the 2017 law allows -- a proposal Alaska's Republican U.S. senators cast as a mockery of the law meant to encourage exploration.

What do Alaska Natives want?

There are sharp divisions.

Leaders of the Iñupiaq community of Kaktovik, which is within the refuge, support drilling. Gwich'in officials in communities near the refuge have said they consider the coastal plain sacred. Caribou they rely on calve there.

Galen Gilbert, first chief of Arctic Village Council, said the refuge should be off-limits to drilling. Arctic Village is a Neets'aii Gwich'in community.

"We don't want to bother anybody. We don't want anything. We just want our way of life, not only for us, but for our future generations," Gilbert said.

Leaders in Kaktovik have vowed to fight any attempt by the U.S. Fish and Wildlife Service to designate the lands as sacred. Josiah Patkotak, mayor of the North Slope Borough, which includes Kaktovik, said in an October opinion piece that the land "has never been" Gwich'in territory.

"The federal government must understand that any attempt to undermine our sovereignty will be met with fierce resistance," he wrote.

Oil is vital to the economic wellbeing of North Slope communities, said Nagruk Harcharek, president of Voice of the Arctic Iñupiat, a nonprofit advocacy group whose members include leaders from that region. Responsible development has long coexisted with subsistence lifestyles, he said.

After Trump's election, what might change?

In a video posted on X by Republican Gov. Mike Dunleavy, Trump said he would work to ensure a natural gas pipeline project long sought by state political leaders is built. The project, opposed by environmentalists, has floundered over the years due to changes in direction under various governors, cost concerns and other factors.

While voters "might not have been head over heels" for Trump, "they appreciated that his policies, when they come to resource development, are clearly policies that work to benefit an economy like Alaska's," Trump critic U.S. Sen. Lisa Murkowski told reporters.

"So I would anticipate that we would see, again, a return to greater economic opportunities through resource development," she said.

Dunleavy said Trump could undo restrictions imposed by the Biden administration on new oil and gas leasing on 13 million acres (5.3 million hectares) of the petroleum reserve. Harcharek's group sued over the restrictions, arguing that the region's elected leaders had been ignored.

Erik Grafe, an attorney for Earthjustice in Alaska, said the petroleum reserve was not set aside "to get oil out at all costs." Other important resources must be considered and afforded protections under the law, he said.

"Oil is not the future and it can't be," Grafe said. "The state needs to start thinking of a Plan B, post-oil."

Continue Reading...

Popular

Velo3D Stock Soars After Q3 Earnings: Highlights From The Report

Shares of Velo3D, Inc. (NASDAQ:VELO) are rising Tuesday after the metal 3D printing company reported third-quarter earnings results.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Trump attacks ABC News correspondent Mary Bruce in angry response to three sharp questions

NEW YORK (AP) — President Donald Trump denounced ABC News' Mary Bruce as a “terrible reporter” Tuesday and threatened the network's license to broadcast after she asked him three sharp questions at the White House.

The Next Biggest Bull Run In Over 50 Years - Ad

Gold has hit all-time highs, breaking $4,000 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

Silver Soars To Record Highs: It's Up 95% In 2025, The Best Year Since 1979

Silver prices surge over 5% as investors rush to secure metal amid tight supplies and global shortage concerns, driving up stocks and mining equities.

California revokes 17,000 driver's licenses. But the state disputes it is over immigration concerns

California plans to revoke 17,000 commercial driver’s licenses given to immigrants after the Trump administration raised concerns about people in the country illegally receiving licenses to drive a semitruck or a bus. But Gov. Gavin Newsom said that isn't the reason.

Inside: What's Going on Behind the Scenes in DC? - Ad

Former CIA officer Buck Sexton just met with Trump and VP J.D. Vance - and what he uncovered inside the West Wing is stunning. With ties to Tulsi Gabbard, Mike Johnson, Kash Patel, and more, he's rushing this urgent interview to reveal shocking secrets unfolding behind the scenes right now.

Zohran Mamdani Says No More Thanking Veterans Today, Forgetting Tomorrow — Trump, Obama And Others Express Gratitude For Service

America's top political and tech leaders — including Donald Trump, Barack Obama, Tim Cook, and Sundar Pichai — marked Veterans Day 2025 with tributes honoring the courage and sacrifice of U.S. service members.

Cathie Wood Bets Big On These Stocks As Bitcoin, Ethereum Crash —Dumps Instagram Rival

On Tuesday, Cathie Wood-led Ark Invest made significant trades, notably increasing its holdings in Bullish (NYSE:BLSH), Coinbase Glo

The Smart Money Copper Trade - Ad

Only one lines up grade, scale potential, and Quebec power like this. Insider alignment is real. Stepouts are opening new zones. With EVs and grid buildouts rising, this could be the timely copper idea you have been waiting for.

Analyst Sees Strong Medtronic Momentum Through 2026 With Buy Rating Intact

BofA expects Medtronic to post over 5% second-quarter revenue growth and maintain strong momentum through 2026, driven by robust procedure trends.

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

All 14 victims identified from fiery UPS cargo plane crash in Louisville

LOUISVILLE, Ky. (AP) — A grandfather and his young granddaughter. An electrician with two young children. A woman standing in line at a scrap metal business.

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

AI, electrification, battery storage, and data centers are pushing copper and silver demand sharply higher, even as supply stays tight. This region in Nevada offers rare multi-metal potential, and a new company has secured land in a district the surging district. It's one of the cleanest timing setups in the sector right now.

Trump Hints At Tax Cut, John Bolton Warns Of Peace Prize Ambitions And More: This Week in Politics

Trump hints at major income tax cuts, while political tensions rise over military orders, Russia policy, and government shutdown threats.

Warren Buffett Initiates Alphabet Position, Trims Apple In Q3 — Here Are Berkshire's Moves

Warren Buffett's Berkshire Hathaway took a new stake in a member of the Magnificent Seven, while lowering its stake in Apple in the third quarter.

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

DOJ Greenlights Strikes on Drug Boats, Citing Fentanyl as Potential Chemical Weapon

The DOJ has classified Fentanyl as a potential chemical weapon. This classification has led to the authorization of strikes on drug-smuggling boats.

Buffett's Big Bet Banks Billions: Here's How Much Berkshire Hathaway Is Up On Alphabet

Buffett and his investment team at Berkshire Hathaway unveiled an investment in Alphabet stock in the second quarter.

$270,000 Drug. One Competitor. Billion-Dollar Market. - Ad

Phase 3 trial targets recurrent pericarditis with an oral therapy that could disrupt the only approved treatment. And their heart failure program launches in 2026.

Axon Enterprise: From TASER To AI-Powered Public Safety Platform

Axon Enterprise is executing an interesting transition from hardware vendor to high-margin SaaS and AI platform...

Is This Nvidia's Next Big Invention? - Ad

Nvidia helped trigger a historic AI boom that minted 600,000 millionaires in America. It's now working on a new tech that could be even bigger than AI. According to Bank of America, "this [technology] could be the biggest revolution for humanity since discovering fire."

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Bill Gates' Daughter Phoebe's AI Shopping Assistant Found Collecting Extensive User Data: Report

Phia, co-founded by Phoebe Gates, has been found collecting extensive user data through its browser extension, raising privacy concerns.

Donald Trump Administration's Unprecedented Investment In Private Firms Raises Eyebrows

President Trump administration has invested over $10 billion of taxpayer funds in private companies deemed crucial to national security.

The Next Biggest Bull Run In Over 50 Years - Ad

Gold has hit all-time highs, breaking $4,000 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

Dan Ives Calls Nvidia The 'Indisputable Rocky Balboa' Of AI And Gene Munster Agrees As The Jensen Huang-Led Tech Giant Faces Rare November Slump

Despite a rare November stock pullback and rising competition from Google and Broadcom, analysts including Dan Ives and Gene Munster continue to hail Nvidia as the leading force in the AI chip market.

Inside: What's Going on Behind the Scenes in DC? - Ad

Former CIA officer Buck Sexton just met with Trump and VP J.D. Vance - and what he uncovered inside the West Wing is stunning. With ties to Tulsi Gabbard, Mike Johnson, Kash Patel, and more, he's rushing this urgent interview to reveal shocking secrets unfolding behind the scenes right now.

Dogecoin Drops 22% In A Month: Is The DOGE Run Over?

Dogecoin (CRYPTO: DOGE) has fallen more than 20% over the past month, yet key metrics are flipping bullish just as the first DOGE ETF appears

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service