You can feel the encroaching decay in the sides of buildings, in the limp remains of a once-proud drill rig slowly rusting into the waterlogged gravel and tundra. In the 1950s, one of us, George, was part of the expedition that explored and then advocated for the formation of the Arctic National Wildlife Refuge. At that time, he worried the region would end up resembling the disrupted skylines and greasy sheens of Texas’s aging and abandoned oil fields.
If we ignore the costs for plugging and abandoning wells, dismantling and removing accompanying infrastructure, and fully restoring impacted tundra, we allow for a vast overestimate of the economic value of oil in these outstanding Arctic ecosystems. Unless the intent is to walk away and just leave the mess behind.
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