January 8, 2013

Shell's Alaska Rig Debacle: The Tip of the Iceberg?

John Daly, OilPrice.com


ed o'keefe

Whether one believes 100 percent in the science behind global warming, the fact is that the northern polar ice cap is in retreat, sparking an energy resource scramble among those nations with northern littorals. The U.S., Canada, the Russian Federation, Norway and Denmark (via Greenland) have all rushed to stake sovereign claims on previously ice-bound waters off their coasts, resulting in an energy land rush for subsea hydrocarbon riches. . .

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TAGGED: Arctic Drilling, Oil, Shell, Alaska

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