Shell begins ‘high-risk’ drilling for Arctic oil
Shell has begun the final stage of its $7 billion attempt to drill for oil in Alaska’s remote Chukchi Sea.
Despite tumbling oil prices and opposition from Hillary Clinton and conservationists, this weekend a steel drill bit was grinding its way through rocks deep beneath the icy waves.
Shell, which was granted final permission to begin drilling by US officials on Monday, believes the oil bearing rocks could hold up to 29 billion barrels — enough to supply half of Amerca’s needs for a decade.
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