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A Risk Analysis of Oil Development in the Arctic National Wildlife Refuge

The Arctic National Wildlife Refuge (ANWR) in Alaska is simultaneously the most promising onshore area for oil exploration and one of the wildest areas remaining in the USA. The conflict between the need to develop energy resources and the desire to preserve wild areas has led to a prolonged debate over the merits of programs to lease the region for oil exploration and development.

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Energy Specializations: Petroleum – Exploration and Production; Petroleum – Policy and Regulation

JEL Codes: Q41: Energy: Demand and Supply; Prices, Q40: Energy: General, Q35: Hydrocarbon Resources, Q31: Nonrenewable Resources and Conservation: Demand and Supply; Prices, Q21: Renewable Resources and Conservation: Demand and Supply; Prices

Keywords: Oil exploration, ANWR, Alaska, Risk analysis, environmental protection

DOI: 10.5547/ISSN0195-6574-EJ-Vol12-No3-5

Published in Volume 12, Number 3 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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