Energy production banned in half of petroleum reserve

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Human Events:

Energy production banned in half of petroleum reserve

By: Audrey Hudson 2/21/2013 04:29 PM

The Obama administration on Thursday finalized plans to lock up from energy production half of the National Petroleum Reserve-Alaska – a tract of land the size of Indiana set aside by Congress 90 years ago to assure a domestic supply of oil.

Of the 23 million acres in reserve on Alaska’s north slope, energy production will be allowed on an nearly 12 million acres believed to hold 549 million barrels of oil – a small percentage of what the U.S. Geological Survey estimates the entire reserve holds — nearly three billion barrels of recoverable oil.