What are some of the benefits of drilling in the Artic?

Include your write up on the following areas. Add to it as you see fit

1) Increasing the supply of oil and gas produced on US territory

2) Development of new technologies that would give US a competitive advantage

3) Economic Gains from production of oil and gas and associated industries

4) Lessen US dependence on foreign oil overtime

5) Economic development of the region

6) Positive Sociological Impact in the region

Some useful references

http://www.rff.org/blog/2011/drilling-oil-arctic-considering-economic-and-social-costs-and-benefits

http://apecsec.org/arctic-national-wildlife-refuge-oil-drilling-pros-and-cons/

http://www.adn.com/article/20150127/drill-or-not-drill-anwr-vs-arctic-ocean

http://healthresearchfunding.org/pros-and-cons-of-drilling-in-anwr/

http://www.investmentu.com/article/detail/45387/shell-oil-pros-cons-arctic-drilling-why-start-now#.Ve8u49LBzRY

http://www.ourenergypolicy.org/what-are-the-costs-and-benefits-of-offshore-drilling-in-the-arctic/

http://csis.org/files/publication/130710_Conley_ArcticEconomics_WEB.pdf (some parts relate to the oil industry)

http://www.worldfinance.com/markets/is-arctic-oil-drilling-worth-the-risk

http://www.utdallas.edu/~plewin/ToDrillOrNot.pdf