Optimism & Outrage: Shell’s $7 Billion Arctic Oil Gamble
by CYNTHIA MCFADDEN and JAKE WHITMAN: SEP 17 2015
At Royal Dutch Shell’s operations center in Anchorage, the cries of outrage that greeted the start of offshore drilling in the Arctic are drowned out by optimism.
The energy giant’s president, Marvin Odum, told NBC News that he’s confident that the $7 billion already spent to find oil under the sea — a bet that no other company is making in the American Arctic — was the right business decision.
And he says he’s also certain that Shell can handle any accident that might unfold during exploration or extraction, which wouldn’t even happen until 2030.
The TRUTH will set you FREE.
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