VBIN's oil stock thread.

[fenders53]

Sounds like we are going to open up contracts to drill the Arctic reserve wildlife refuge. As a fly fisherman who has enjoyed Alaska three times the past few years, can anyone explain why that is necessary or even financially prudent in this supply environment? You are probably all aware every AK citizen get an annual subsidy/royalty check from oil sales. During booms it's pretty good money but not much the past few 4+ years of course. This is my nature boy side talking. They can probably drill it without wrecking the region. It just needs to come with regulations which is a dirty word in the current administration. I have no idea how much doing it responsibly affects production costs. My truthful first response is why in the hell do we need more supply anytime soon?