CEO of Alaska Oil & Gas Association Kara Moriarty warned there will be financial and energy security impacts if the Biden admin doesn't approve a drilling project.
CEO of Alaska Oil & Gas Association Kara Moriarty joined 'Fox & Friends First' of discuss the implications of the canceling the project and why it would hurt the locals most.Alaska oil drilling projectPresident and CEO of Alaska Oil & Gas Association Kara Moriarty discussed how the project benefits the local communities and native Alaskans financially, while also funneling American-made energy into the U.S. energy market.
"I'm a little bit confused of why the president doesn't see a project like this as a major win, because we know we need more oil for the next ten, 20, 30, even 40 years," Moriarty saidon Thursday. "So if we're not going to produce that oil at home, if we're not going to create that job, those jobs at home, where is that oil going to come from? It's going to come from countries that do not have the same level of environmental standards as we do.
The drilling measure, known as the Willow Project, could produce 180,000 barrels of oil each day, while also unlocking 2,500 jobs for Alaskans. ConocoPhillips Alaska is responsible for spearheading the project. NUIQSUT, AK - MAY 28: Oil pipelines stretch across the landscape outside Nuiqsut, AK where ConocoPhillips operates the Alpine Field on May 28, 2019.
The department followed up by clarifying the modification does not mean the Biden administration will necessarily proceed with the project. Moriarty said there is speculation that the agency will reduce the number of drill sites even more, and that decision could be unveiled in early March.
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