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Tuesday, February 14, 2006

Alaska Oil & Black Folks

Surely you have heard about the ongoing fight over drilling in the Arctic National Wildlife Reserve (ANWR), but we bet you aren't aware that the U.S. has been pumping oil out of Alaska as much as possible since 1977. The Trans-Alaska Pipeline, operated by The Alyeska Pipeline Service Company, runs 800 miles from Prudhoe Bay on Alaska's North Slople to Valdez at the Gulf of Alaska. We get approximately 17 of our domestic crude oil from the pipeline. Tankers deliver the oil to West Coast refineries.

Although blacks have virtually no equity in any energy projects, Art Mitchell is the Chief Financial Officer at Alyeska. What does Alaskan oil mean to black people? A natural gas pipeline is currently being planned. Why don't blacks own any of America's energy infrastructure? Are there opportunities for ownership of resources in any future development at ANWR? Or do you prefer that ALL of the Alaskan tundra should be preserved for the caribou? PS is pumping station

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