The debate over Arctic drilling: What’s at stake
Seattle’s mayor and environmentalists have vowed to blockRoyal Dutch Shell PLC from parking two Arctic offshore drilling rigs on Seattle’s waterfront, an effort to thwart the new frontier in oil exploration and spark a national debate about fossil fuels and climate change.
WHAT’S AT STAKE?
The U.S. Geological Survey estimates Arctic offshore reserves at 26 billion barrels of recoverable oil and 130 trillion cubic feet of natural gas.
Shell is now approaching $7 billion in Arctic offshore investment, and plans to drill up to four exploratory wells over two years in the Chukchi Sea to determine whether there are commercial quantities of oil and gas.
The TRUTH will set you FREE.
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