In recent years there has been concentrated exploration off of Alaskan shores for oil drilling opportunities, and north of the Bering Strait Russia has been putting in effort to drill into newly accessible territory now that sea ice has been retreating.  In his final weeks in office, President Obama had curtailed off shore drilling (exploration).  Yet this may be reversed soon.

Today President Trump is due to examine offshore possibilities for oil/gas extraction as he focuses on ramping up domestic production in the energy sector. It wouldn’t just be those ocean areas adjacent to Alaska but also in the Gulf of Mexico and Atlantic waters.  This would obviously include looking at more latitude in exploration of the waters with various geological testing methods. Thought the technology is still not set on stable extraction and processing of methane hydrates for market use, this may be an opportunity to look at further exploration in that (promising potential) area also.

 

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