NORTH AMERICA: “America-first" act buoys Arctic designs

NORTH AMERICA: “America-first
A U.S. bill for a proposed “American Made Energy Act” could boost prospects for drilling in the Alaska National Wildlife Refuge and the nearby and more prolific Actic Commons, according to Beverly Hills based oil outfit Arctic Oil & Gas Corp.

The company — which claims exclusive exploitation rights in the Arctic — is "in contact" with lawmakers who are said to favour opening up Alaska to curb American dependence on foreign oil.

Company leaders have said they hope to lead a “consortium of international oil companies” who will together ply the vast actic resources of Alaska, Canada, Norway and Russia, where one-quarter of the world’s undiscovered resources are believed hidden.

Source: Scandinavian Oil & Gas

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