Latest news with #Indiana-sized
Yahoo
4 days ago
- Business
- Yahoo
Trump Moves to Lift Biden-Era Curbs on Arctic Oil Drilling
(Bloomberg) -- The Trump administration is moving to repeal Biden-era curbs blocking oil drilling across most of the mammoth petroleum reserve in Alaska that's home to an estimated 8.7 billion barrels of recoverable oil. Billionaire Steve Cohen Wants NY to Expand Taxpayer-Backed Ferry Where the Wild Children's Museums Are The Economic Benefits of Paying Workers to Move Now With Colorful Blocks, Tirana's Pyramid Represents a Changing Albania At London's New Design Museum, Visitors Get Hands-On Access Interior Secretary Doug Burgum announced the planned policy shift late Sunday at a town hall in Utqiagvik, a village on the Chukchi Sea coast, as he and fellow members of President Donald Trump's cabinet visit Alaska to promote energy development in the region. The measure would open up new opportunities for oil and gas development in the 23 million-acre National Petroleum Reserve-Alaska, an Indiana-sized parcel in the northwest of the state that was set aside as a source of energy for the Navy a century ago. The action responds to a directive Trump issued after his inauguration in January, when he signed an executive order compelling a host of policy changes meant to expand oil, natural gas and mineral development in Alaska. The reserve holds an estimated 8.7 billion barrels of recoverable oil, according to a 2017 assessment by the US Geological Survey. And its production is set to skyrocket, with the development of recent discoveries. Alaska has forecast that crude production from the reserve will climb to 139,600 barrels per day in fiscal 2033, up from 15,800 barrels per day in fiscal 2023. Trump's measure would repeal a 2024 rule imposed under former President Joe Biden, which designated 13 million acres of the reserve as 'special areas,' limiting future oil and gas leasing, while maintaining leasing prohibitions on 10.6 million acres of the NPR-A. The rule has complicated future oil drilling and production in the reserve where companies including ConocoPhillips, Santos Ltd., Repsol SA and Armstrong Oil & Gas Inc. have been active. ConocoPhillips is developing its 600-million-barrel Willow project in the refuge, which is expected to produce first oil in 2029. Burgum's announcement was greeted by applause inside a heritage center in Utqiagvik, where local residents had gathered to speak with officials from the Trump administration, as well as Senator Dan Sullivan and Alaska Governor Mike Dunleavy, about resource development. Burgum, who leads the National Energy Dominance Council, was joined by the panel's vice chair, Energy Secretary Chris Wright and Environmental Protection Agency Administrator Lee Zeldin. Wright said he anticipated increased oil development in Alaska — possibly quadrupling oil output on its prolific North Slope — and decried years of policies he said were 'smothering' the region's potential. Rex Rock Sr., the head of the Arctic Slope Regional Corporation, one of 13 Alaska Native Regional Corporations created under federal law, said that the 2024 rule restricting energy development in the far north didn't have the backing of the region. Conservationists called Biden's rule essential to protect a large stretch of unspoiled land in the Arctic, a vast region of tundra and wetlands that teems with wildlife. And they condemned the decision to unwind it Monday, calling it part of a broader Trump administration bid to give oil companies free rein to exploit public lands without sufficient safeguards for wildlife, fish or the indigenous people who depend on them for subsistence. 'Everyone who cares about public lands and is concerned about the climate crisis should be outraged by this move to exploit America's public lands for the benefit of corporations and the president's wealthy donors,' said Matt Jackson, Alaska senior manager for the Wilderness Society. 'The Trump administration is destroying safeguards for globally significant and invaluable resources and the local communities who depend on them for their way of life.' Beyond local conservation concerns, climate activists have opposed new oil development - especially of the scale promised on Alaska's north slope, arguing there is no room for that crude in a warming world. The new proposal will give the public 60 days to comment, setting the stage for a potentially rapid reversal and new leasing in the reserve. Conservationists who cheered the original protections could seek to challenge the pivot in federal court. (Updates with response from conservationists from fourth-last paragraph.) YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? Will Small Business Owners Knock Down Trump's Mighty Tariffs? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Trump Moves to Lift Biden-Era Curbs on Arctic Oil Drilling
(Bloomberg) -- The Trump administration is moving to repeal Biden-era curbs blocking oil drilling across most of the mammoth petroleum reserve in Alaska that's home to an estimated 8.7 billion barrels of recoverable oil. Billionaire Steve Cohen Wants NY to Expand Taxpayer-Backed Ferry Where the Wild Children's Museums Are The Economic Benefits of Paying Workers to Move Now With Colorful Blocks, Tirana's Pyramid Represents a Changing Albania NYC Congestion Toll Brings In $216 Million in First Four Months Interior Secretary Doug Burgum announced the planned policy shift late Sunday at a town hall in Utqiagvik, a village on the Chukchi Sea coast, as he and fellow members of President Donald Trump's cabinet visit Alaska to promote energy development in the region. The measure would open up new opportunities for oil and gas development in the 23 million acre National Petroleum Reserve-Alaska, an Indiana-sized parcel in the northwest of the state that was set aside as a source of energy for the Navy a century ago. The action responds to a directive Trump issued after his inauguration in January, when he signed an executive order compelling a host of policy changes meant to expand oil, natural gas and mineral development in Alaska. The reserve holds an estimated 8.7 billion barrels of recoverable oil, according to a 2017 assessment by the US Geological Survey. And its production is set to skyrocket, with the development of recent discoveries. Alaska has forecast that crude production from the reserve will climb to 139,600 barrels per day in fiscal 2033, up from 15,800 barrels per day in fiscal 2023. Trump's measure would repeal a 2024 rule imposed under former President Joe Biden, which designated 13 million acres of the reserve as 'special areas,' limiting future oil and gas leasing, while maintaining leasing prohibitions on 10.6 million acres of the NPR-A. The rule has complicated future oil drilling and production in the reserve where companies including ConocoPhillips, Santos Ltd., Repsol SA and Armstrong Oil & Gas Inc. have been active. ConocoPhillips is developing its 600-million-barrel Willow project in the refuge, which is expected to produce first oil in 2029. Burgum's announcement was greeted by applause inside a heritage center in Utqiagvik, where local residents had gathered to speak with officials from the Trump administration, as well as Senator Dan Sullivan and Alaska Governor Mike Dunleavy, about resource development. Burgum, who leads the National Energy Dominance Council, was joined by the panel's vice chair, Energy Secretary Chris Wright and Environmental Protection Agency Administrator Lee Zeldin. Wright said he anticipated increased oil development in Alaska — possibly quadrupling oil output on its prolific North Slope — and decried years of policies he said were 'smothering' the region's potential. Rex Rock Sr., the head of the Arctic Slope Regional Corporation, one of 13 Alaska Native Regional Corporations created under federal law, said that the 2024 rule restricting energy development in the far north didn't have the backing of the region. Environmentalists had argued Biden's rule was essential to protect a large stretch of unspoiled land in the Arctic, a vast region of tundra and wetlands that teems with wildlife. And, they insisted, in a warming world there's insufficient justification for burning the large cache of oil the reserve contains. The new proposal will give the public 60 days to comment, setting the stage for a potentially rapid reversal and new leasing in the reserve. Conservationists who cheered the original protections could seek to challenge the pivot in federal court. YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? Will Small Business Owners Knock Down Trump's Mighty Tariffs? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Axios
18-03-2025
- General
- Axios
'Burb Bites: Grindstone Public House
Welcome back to Burb Bites! A feature where the Axios Indianapolis team dishes out bite-sized dining recs from Indy's booming 'burbs. This week, I've got a must-try recommendation for my fellow fried fruit fans. The bite: Fried green tomatoes ($14), prime rib french dip ($20) and loaded mashed potatoes ($2 as a side upgrade, $6 a la carte) from Grindstone Public House. The burb: Noblesville. My take: Possibly my favorite fried green tomatoes not prepared by a family member. The light, crispy skin helped this undercard attraction steal the spotlight from the main event. They're hand-breaded and come topped with parmesan, parsley and chipotle ranch. Pro tip: Ask for more chipotle ranch because it's fantastic. Tomato praise aside, the rest of the meal was excellent. The prime rib was shaved thin and piled high on my french dip. I paid an additional $2 to add mushrooms and onions, and the combo of creamy horseradish and savory au jus had me swimming in sauce options. Get ready for some truly Indiana-sized portions. You won't leave feeling hungry. Fun fact: Claiming a cozy corner in downtown Noblesville, the restaurant operates out of the Historic Castor Building at the corner of Logan and 10th. If you go: 100 N. 10th St.
