1. Alaska Oil Drilling
... finally on January 22nd, 2004, the Bush administration decided to open 8.8 million acres of Alaska's North Slope to oil and gas development. Given today's oil-dependent world, as well as the tremendous government deficit, the rewards for Alaskan oil drilling heavily outweigh the risks. There are several reasons why Alaska, ... economic activity associated with ANWR oil production will generate almost $29.2 billion in new Federal revenues and almost $31.4 billion in new state revenues for a total of over $60.5 billion. Given our country's tremendous debt due to war spending, these numbers ...
- Word Count: 469
- Approx Pages: 2
- Grade Level: Undergraduate