Why Shell had the worst week ever
By Tony Dokoupil: 19 July 2015
This should have been one of Shell’s best weeks ever. Instead, it shaped up like the corporate equivalent of “The Hangover Part III.” And a happy ending is nowhere in sight.
This was supposed to be seven-day stretch of toothy smiles, hearty back-slaps and healthy runs on the company’s stock because Shell’s window for drilling in the Arctic Oceanofficially opened on July 15. Under the terms of the plan, approved in May by the Obama administration, the company has until September 28 to work on the largest untapped oil reserve on Earth.
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