Arctic industry boom: ‘We’re just getting started’

Arctic oil and gas producers are expected to make a big jump in their output this year as the ice melts, according to industry experts.

And with the melting of sea ice, the U.S. government may be forced to rethink its strategy to reverse climate change.

But it won’t be easy to keep the economy growing.

For one thing, oil production in the Arctic has already slowed dramatically in recent years.

The U.N. panel of climate experts said last year that the Arctic is the least productive region in the world and could lose its role as a global oil and natural gas hub by 2040.

The Arctic is also the fastest-growing region for new oil and other gas drilling in the U, with production surging in recent decades.

And as the oil and pipeline industry expands in the region, it has become a key player in the international energy trade, with more than 1,000 companies in North America, the Caribbean, the South Atlantic and the Arctic.

There are no rules for Arctic exploration, but the region is an important export market for the U and other countries.

In the past decade, Arctic drilling has grown from about 300 oil and oil-gas rigs a year to about 1,200, according the U of A. “It’s a massive, massive boom,” said Mike Tressel, an expert on Arctic energy at the University of Manitoba.

“If we do this right, we’re just going to make an enormous contribution to the economy.”

While drilling activity has been ramping up in recent months, the number of rigs operating in the north has been steadily declining for the past several years.

Since 2011, oil prices have dropped nearly 25 percent, according for a September survey by the North Slope Energy Association.

That means Arctic oil has been less profitable than it used to be.

But oil producers still have a lot of work to do to keep up with demand, said Brian Houghton, the president of the National Association of Independent Petroleum Producers.

The industry is also looking to expand production in places like the Arctic National Wildlife Refuge, which is now home to an estimated 300 million fish, including polar bears and whales.

The government has also pledged to spend billions of dollars to protect the Arctic, including a plan to lease a fleet of Arctic-class oil drilling rigs to foreign companies.

But Houghson said the government needs to find a better way to protect Arctic communities from future Arctic oil spills.

The problem is that we’re not prepared to deal with the environmental risks of Arctic drilling,” he said.

That’s because Arctic oil production is far below the levels needed to sustain a viable economy, said Andrew Kowalski, a senior fellow at the Center for Strategic and International Studies in Washington, D.C. The oil industry has been working to address these challenges through an aggressive plan to drill in the Beaufort Sea off Alaska’s coast, and it’s also exploring other Arctic regions. “

The oil industry doesn’t understand how dangerous it is and the public doesn’t realize that, either,” he added.

That’s because Arctic oil production is far below the levels needed to sustain a viable economy, said Andrew Kowalski, a senior fellow at the Center for Strategic and International Studies in Washington, D.C. The oil industry has been working to address these challenges through an aggressive plan to drill in the Beaufort Sea off Alaska’s coast, and it’s also exploring other Arctic regions.

In October, ExxonMobil said it would start drilling in a new, much smaller area near the town of Pekin.

In an interview with CNNMoney, Kowelski said the company’s exploration in Alaska could take years, but he was hopeful that Exxon could find an area that’s smaller than Pek in less than a year.

“I don’t think there’s any doubt that the drilling will take place,” Kowieski said.

But even with the drilling effort in place, Koweelski says there’s still a lot to be done before drilling in Arctic waters becomes a reality.

“There’s still so much work to be made,” he says.

For now, the drilling is still taking place.

But Kowleski says Arctic drilling could become an increasingly important part of the economy as oil production continues to increase.

“By 2020, we will have the most productive Arctic offshore in the United States,” he told CNNMoney.

“That’s the year that we’ll see the first Arctic oil rigs operating.”

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