CNN Money reported: “The massive find of conventional oil on state land could bring relief to budget pains in Alaska brought on by slumping production in the state and the crash in oil prices.
The new discovery was made in just the past few days in Alaska’s North Slope, which was previously viewed as an aging oil basin.
Spanish oil giant Repsol and its privately-held U.S. partner Armstrong Energy announced the find on Thursday, predicting production could begin as soon as 2021 and lead to as much as 120,000 barrels of output per day…
Let's sell that to the Chinese, and use the tax money to pay down the debt and fund the government's promises to citizens.
Meanwhile, reaction in the Middle East is muted. First fracking, then this.