Shell not in the Arctic

biffvernon · Post by **biffvernon** » 28 Sep 2015, 08:31

So Shell have decided to pull out of the Arctic.
I'm not at all surprised, though much relieved, as no doubt is Obama, who has managed to avoid giving his Republican foes an excuse to blame him for stopping it. Good call, Mr. President.

http://www.bbc.co.uk/news/business-34377434

PS_RalphW · Post by **PS_RalphW** » 28 Sep 2015, 09:13

Are there any other companies planning to drill up there? I think Russia is still drilling on their side, although I think more gas than oil.

vtsnowedin · Post by **vtsnowedin** » 28 Sep 2015, 11:21

Probably not see any renewed interest until the price gets back up above $100/bl.
That's OK with me. The oil will stay in place until we are desperate for it.

raspberry-blower · Post by **raspberry-blower** » 29 Sep 2015, 09:38

Daily Mash: Terrified Shell flees the Arctic as quickly as possible