21 May 2010 19:39 [Source: ICIS news]
WASHINGTON (ICIS news)--The US will develop its oil and natural gas resources in Arctic territorial waters and should build a deepwater Arctic port for US Navy and Coastguard ships to protect its energy and mineral interests in the region, a top senator said on Friday.
Senator Lisa Murkowski (Republican-Alaska) told an oceans law conference that she believed the ?xml:namespace>
“The Deepwater Horizon incident may have made us more reticent to drill in the deep offshore, but it did nothing to reduce our need for oil and gas and it did nothing to change the value of those resources in what is still a growing global economy,” she said in a speech to a conference sponsored by the Center for Oceans Law and Policy (COLP).
“The spill in the
“But we also need to be rational in our response to the Deepwater Horizon tragedy,” she said. “We should be careful and not pass reactionary legislation hat hasn’t been fully thought through.”
Citing the Deepwater Horizon disaster, some in the US Congress have already called for a permanent ban on all
“Even as we take steps to reduce our dependence on fossil fuels, we’re going to continue to need oil and gas for decades to come,” she said. Murkowski is the ranking Republican on the Senate Energy and Natural Resources Committee.
Murkowski cited estimates by the US Geological Survey (USGS) of some 15bn barrels of oil in US territorial waters of the
“We also think [the Arctic region] holds huge amounts of other minerals - such as coal, nickel, copper, tungsten, lead, zinc, gold, silver, diamonds, manganese, chromium and titanium,” she said.
Saying that the
She said that Congress and the administration should back a study and plans by the US Navy to develop a deepwater port in the Arctic somewhere along
“Oil and natural gas are still the most economically valuable energy sources in the world,” she said, “and I have to predict that we will see a measured but certain
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