Massive oil discovery in Alaska is biggest onshore find in 30 years


A history of oil's booms and busts

A history of oil’s booms and busts

Some 1.2 billion barrels of oil have been discovered in Alaska, marking the biggest onshore discovery in the U.S. in three decades.

The massive find of conventional oil on state land could bring relief to budget pains in Alaska brought on by slumping production in the state and the crash in oil prices.


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Massive oil discovery in Alaska is biggest onshore find in 30 years

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