Nationalization of American Hydrocarbon Resources

Alaska Congressman Don Young receives verifiable testimony that Washington is considering nationalization of Alaska’s hydrocarbon resources according to the April 8, 2007 edition of Petroleum News.

Although the topic of this subject specifically concerns the long considered Alaska Gas Pipeline, the underlying implications are clear, and even ANWR (Arctic National Wildlife Refuge) is a target for nationalization, as perhaps has always been the intent of the well-healed donors to the green lobbies that blocked state development. A nationalized resource would be far more economical and profitable to develop than leasing the development rights from the land owners.

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