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Article: Oil, Gas Companies Vie for Untapped Resources in Alaska, Canada.(Knight Ridder/Tribune Business News)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- March 7, 2000
- Author:
CopyrightCOPYRIGHT 2000 Knight-Ridder/Tribune Business News. 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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Mar. 6--A generation ago in the Alaska and Canadian Arctic, oil and gas companies jockeyed for leases, financiers jostled for financing and executives trooped from Native villages to government halls hoping to develop the North's massive natural gas reserves.
Thirty years later, things haven't changed much.
The gas is still in the ground -- as much as 50 trillion cubic feet of it -- and the executives and engineers are again sweeping up leases and poring over maps of mountain and tundra.
"This is the big carrot of the Arctic -- a big frozen carrot," said Bill Gwozd, a natural gas analyst with Ziff Energy Consultants in Calgary. "It may be the ...