A year after the Exxon Valdez oil spill off Alaska, the petroleum industry has learned some key lessons. The worst oil spill in North American waters sent shock waves through the industry in 1989 and served as the catalyst in resurrecting environmentalism as a full-blown grassroots cultural force. The repercussions of the spill-not the least of which is a strident antioil attitude fostered by the environmental lobby-will continue to be felt for years to come. Especially affected will be efforts to lease and drill on Alaska's Arctic National Wildlife Refuge Coastal Plain and on the Outer Continental Shelf. The Wilder...

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