Secretary of the Interior Ken Salazar announced on Thursday that the department of the Interior will accelerate a lease sale in the National Petroleum Reserve-Alaska, holding it before the end of this year and annually after that.
Salazar says as part of President Obama’s comprehensive energy strategy, the department is moving ahead with concrete steps to continue to expand responsible and safe domestic oil production.
The U.S. Geological Survey estimates the reserve and adjacent state waters contain 896 million barrels of conventional, undiscovered oil and 53 trillion cubic feet of conventional, undiscovered non-associated gas.
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