Alaska Oil Field Jobs
There has always been a great battle to get into oil reserves found in Alaska, and there is now a new turn of events. Exxon Mobil Corporation has announced that the state of Alaska has given the company conditional permission to start drilling in Point Thompson, which is a North Slope oil field. Point Thompson is one of the biggest undeveloped oil fields in the United States and Exxon has now stated it is ready to implement the project, which will generate more than 400 potential oil filed and related oil field jobs through it.
During times of economic crises, an offer of mass employment by a large company like Exxon is of major importance to the government and Exxon has used that fact to their advantage, encouraging the state to allow them the licenses that they require to go ahead with the exploration. In January, the state finally agreed, telling Exxon to ahead and try to keep its word of coming up with jobs and investments, which will ultimately result in revenue from the oil field.
The company has now spent more than $120 million in order to begin their drilling and have spent most of the money on Alaskan supply companies in order to keep the revenues generated within the state. They are also aiming to spend an additional $200 million every year on the Point Thompson oil field, which means they will create hundreds of oil field jobs, drilling jobs and other related occupations within a very short time period.
Exxon says that the development of both on and of-shore oil fields will potentially create as much as 160,000 new oil field jobs and related oil careers for the next few years and bring in around $1.7 trillion in local, state and federal government revenues. The jobs that come about as a result of this expansion of operations will be well paid and will also give funds back to the community and help pay for libraries, school and the police. Through Point Thompson, the oil industry will be able to generate jobs within a shorter time period than other types of businesses related to renewable energy.
Point Thompson is said to have trillions of cubic feet of oil and natural gas. If the company is given full exploration rights then the site could give rise to hundreds of jobs in oil drilling, boosting Alaska's economy and reducing the reliance of the US on oil and gas supplies from other countries. Seeing as jobs are increasingly difficult to find, if Point Thompson is successfully developed, then it could give stable employment for many oil field workers and drillers for many years.
North American Palladium
The North American Palladium is a mining company whose home office is in Toronto Canada. This company is involved in the exploration of not only Palladium but also, other metals such as, gold, nickel, copper, and platitinum. The company formed in 1968 and was known as...