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Article: Prudhoe output decline fueling fears of greater reliance on imported oil. (Prudhoe Bay)
- Article from:
- The Oil Daily
- Article date:
- October 1, 1987
CopyrightCOPYRIGHT 1987 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Prudhoe Output Decline Fueling Fears Of Greater Reliance on Imported Oil
Alaska's crude oil production, now nearly one-fourth of the United States daily output, is expected to drop by about half over the next decade-- fueling concern over rising imports, industry sources said.
"We've got to find more oil or prepare ourselves for even greater reliance on imports,' Atlantic Richfield Co. President Robert Wycoff said recently.
Failure to find new domestic sources of crude oil to offset declining Alaskan output will increase U.S. dependence on imported oil, especially from the Mideast, analysts said.
Petroleum imports averaged 7.35 million ...