Here’s How Royal Dutch Shell Plans On Tackling Challenges In The Arctic
By: MICHEAL KAUFMAN: May 11, 2015
Royal Dutch Shell plc (ADR) (NYSE:RDS.A) is reconsidering drilling in the Chukchi Sea in Alaska. Drilling in Alaska is considered a dangerous job as temperature levels are low and the topography of the region would make it difficult to contain an oil spill if it were to occur. The crude oil supply glut created by the US has caused oil prices to plummet by more than 50% in the second half of the last year. In addition, the costs of production of operating in the region are high, making it a challenge for any company to operate in the region.
The TRUTH will set you FREE.
No comments:
Post a Comment