Wednesday, September 30, 2015

Shell shows us how they were going to drill for oil in Alaskan Arctic -- before they decided not to

Shell Exits Arctic as Slump in Oil Prices Forces Industry to Retrench.  (The New York Times, 9/28/2015)
On Monday, Royal Dutch Shell ended its expensive and fruitless nine-year effort to explore for oil in the Alaskan Arctic — a $7 billion investment — in another sign that the entire industry is trimming its ambitions in the wake of collapsing oil prices.

Meanwhile, back in North Dakota.......

Related posts:
Williston's effluent way of measuring an oil bust.  (8/6/2015)First Bank of Baldwin: The Williston North Dakota connection.  (3/18/2015) 
For the good times.  (2/9/2015)
Experiencing "testosterone overload", Williston North Dakota sees a boom in sex, drugs, and crime to go along with a population boom.  (2/8/2015)
The most expensive place to live in the U.S.  (2/25/2014)
Boom and bust in Montana and North Dakota.  (12/1/2013)

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