It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
All of the Federal AND State leases in Alaska would cost less than a billion dollar for any one corporation to own.
The State of Alaska leases its own land to the oil companies for five years. There is no language in State or Federal leases that makes drilling mandatory. State lawyers [are] in court now to take back existing leases. This case will go to the U.S. Supreme court, which will NOT rule in [Alaska's] favor. In the future, Alaskan oil leases will have new language to cover this contingency.
It will take a long time for this thing to work itself out ... but ... I am confident that my own State's legal protections will be improved by the end of the next decade.
The Federal precedent that comes out of this will put individual States on their guard, as they should have been from the start. In the decades to come, this will be a major sticking point for Federal officials and corporations. State leaders will be glad that this ruling is on the books.
Once upon a time, I had a hand in sending one of those weasels off to the big house.
I have no doubt that the next Congress will attempt some reforms of the current system that alleges to monitor speculators. What do you think the next Congress will do first.