Wednesday, May 18, 2011

Editorial: Don't Let Alaska Oil Pipeline Shut Down

Lack of oil volume due to administration bans on new Alaskan drilling may force the shutdown of the Trans-Alaska Pipeline, denying us even the tens of billions of barrels left in already developed fields. The Trans-Alaskan pipeline is dying, another casualty of the Obama administration's war on domestic fossil fuel energy and its deliberate effort to drive up energy prices to make so-called "green" energy alternatives more attractive. It was built to handle the oil produced on Alaska's North Slope at Prudhoe Bay and was a marvel of American engineering and exceptionalism. When oil exploration began in Prudhoe Bay, 60 miles east of the Arctic National Wildlife Refuge, more than three decades ago, environmentalists claimed it would yield only a "few months' supply" of oil and would wreck the ecosystem. Prudhoe Bay turned out to be the largest oil find ever in North America. It has in fact supplied an average of 9%, and as much as 12%, of our daily consumption since its inception and is among the most environmentally sensitive oil operations in the world. Caribou frolic and play by the pipeline, and the herds have thrived. At its peak, the pipeline carried 2 million barrels of oil a day, 3% of the world's crude, to the port of Valdez 800 miles away, taking just three days to do so. As oilfields do over time, Prudhoe Bay's output is declining, even though there's plenty of oil left. But it soon may not be enough to keep the Alaskan pipeline open. With the pipeline carrying just a third of its peak volume, the pressure drops, so the crude takes five times as long to make the journey and sometimes arrives at a mere 40 degrees — vs. the normal 100 degrees. Slower flow puts the pipeline at higher risk of corrosion and clogs. Ice threatens ruptures along the route. More oil would keep the pipeline from shutting down. It's a national tragedy that just to the east of Prudhoe Bay are an estimated 16 billion barrels of oil in ANWR, in an area just 1/20th the size of Washington, D.C...more

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