28 Sep '15, 2pm

Don't want to say I told you so, but @Shell abandoned Arctic drilling bc it's not viable.

Prior to gaining approval to drill, Shell and its lobbyists worked to convince government officials as well as the public that the drilling would be justified, based on estimates which suggested oil reserves in excess of 26 billion barrels hidden in the Arctic. Now, Shell officials report that some oil and gas were found about 150 miles from Barrow, Alaska, but the amounts found during exploration are simply not enough for the company to justify further efforts. Marvin Odum, director of Shell Upstream Americas, called this news “a clearly disappointing exploration outcome” while attempting to maintain the position the area is still an important region for exploration, even if this specific area of the basin was a bust.

Full article: http://inhabitat.com/shell-abandons-arctic-drilling-7-bil...

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