From CNN:
The massive find of conventional oil on state land could bring relief to budget pains in Alaska brought on by slumping production in the state and the crash in oil prices.
The new discovery was made in just the past few days in Alaska's North Slope, which was previously viewed as an aging oil basin.
[...] "The interesting thing about this discovery is the North Slope was previously thought to be on its last legs. But this is a significant emerging find," Repsol spokesman Kristian Rix told CNNMoney.
Of course, this news won't ease rising concern among investors about the stubborn glut of oil in the U.S. There are increasing signs that shale oil producers are preparing to ramp up output after surviving a two-year price war with OPEC.
It's a gift from $DEITY! Who needs renewable energy when we just keep finding oil! Right?
(Score: 3, Insightful) by Thexalon on Sunday March 12 2017, @08:45PM (1 child)
That's one possible way.
The other way you cripple Russia is you wean the west off of oil and gas, since they're already moving in that direction. That lower demand will drop the price of oil just as assuredly as oversupply, and have the same effects on the Russian economy.
The only thing that stops a bad guy with a compiler is a good guy with a compiler.
(Score: 2) by Whoever on Sunday March 12 2017, @09:30PM
I think that I mentioned renewable energy (which is my preferred method) as one of the ways to achieve this.