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Message: <blockquote data-quote="bacha29" data-source="post: 5537553" data-attributes="member: 58386">It's being replaced as contracts for replacement oil have already been released. What is happening is that in recent years output from ageing wells that supply the Alaskan oil pipeline have been slowly declining. The Willow project is being seen as replacement for that declining production . Haven't heard if it will be transported by tanker or tied into the pipeline. It will however take at least a decade to bring production into the market. By that time EV could begin to impact the demand for oil. In the meantime Conoco Phillips is being give an opportunity to actually prove that it can meet the environmental goals they claim they can meet.</blockquote>