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A New Frontier For Our Energy Future
Craig Rucker, National Journal
It has taken seven years, reams of red tape, prolonged litigation, and $4.5 billion, but Royal Dutch Shell is finally on the verge of drilling for oil in the energy-rich American Arctic.Last August, Shell received conditional approval from the U.S. Department of Interior to drill wells in the Chukchi and Beaufort Seas, and drilling could be underway in a few weeks. It may well have been worth the wait. The U.S. Geological Survey estimates that 25 percent of the world’s remaining undiscovered conventional oil and natural gas reserves are located in the Arctic, most of it in...
It has taken seven years, reams of red tape, prolonged litigation, and $4.5 billion, but Royal Dutch Shell is finally on the verge of drilling for oil in the energy-rich American Arctic.Last August, Shell received conditional approval from the U.S. Department of Interior to drill wells in the Chukchi and Beaufort Seas, and drilling could be underway in a few weeks. It may well have been worth the wait. The U.S. Geological Survey estimates that 25 percent of the world’s remaining undiscovered conventional oil and natural gas reserves are located in the Arctic, most of it in...
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