Arctic Oil
The exploration of the Arctic for petroleum is more technically challenging than for any other environment. However, with increases in technology, continuing high oil prices and drastic melting of glaciers and ice due to global warming (making it easier to drill and explore), the region is now receiving the interest of the petroleum industry.
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Shell is considering drilling for oil in the Arctic but it may not be worth the risk of public outrage due to the inevitability of catastrophic oil spills and the increasing realization that extracting Arctic oil would pose a grave risk to the global climate.
[ More ]If there’s oil in them thar hills, it should stay there. That’s the message of a new study that argues the bulk of remaining fossil fuels should remain in the ground, rather than being mined, fracked, extracted, or tapped.
[ More ]Royal Dutch Shell PLC is days away from drilling in the Arctic Ocean—betting it can find enough oil to justify the huge risks that keep almost every other competitor out of those icy waters.
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President Obama moved to solidify his environmental legacy Tuesday by withdrawing hundreds of millions of acres of federally owned land in the Arctic and Atlantic Ocean from new offshore oil and gas drilling.
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