Middle Eastern crisis prompts oil companies to revisit Alaska
The Middle Eastern crisis has led international oil companies to reprioritize their drilling destinations.
Previously unattractive locations, including Alaska, are now being reconsidered.
Alaska, the oldest oil and gas producing part of the United States, had been out of the spotlight due to cheaper and faster-growing locations.
The Biden administration’s approval of the Willow project, led by ConocoPhillips, is set to boost the state’s oil output.