Biden’s Energy Plans Threaten Alaska’s Oil Ambitions

The new energy policies brought forward by the Biden administration in the US are set to rock the country’s oil and gas industry. There has been much discussion over the possible outcome for the upstream activity of the prolific Gulf of Mexico, but one of the areas that will be affected the most in relative terms is Alaska. Rystad Energy estimates that about 72% of the state’s remaining recoverable oil resources could stay in the ground, although the effect on production will be felt only after 2030. Alaska’s oil days were already…