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Oil Politics (Should be a sticky!) North Pole!

serfserf Member Posts: 7,526 ✭✭✭
edited May 2015 in Politics
Update! The bureau proposed a new estimate: 4.3 billion barrels of oil in the arctic http://thechronicleherald.ca/business/1248040-us-hikes-estimates-of-arctic-oil-reserves

Shell oil gets the go ahead on The North Pole Drilling! The Danes say no to the Eu currency too! You know why? Right? Santa Clause got cut out of the deal too! [:D]

Those damn Russik's are going to have a fit too if their is one large pool of oil up there! War ships soon to arrive when the ice flows melt up there

http://www.bbc.com/news/business-32696199

The Anglo-Dutch company wants to drill up to six wells in water about 40 metres deep, using two vessels that can serve as backups in the event of an emergency.

"We have taken a thoughtful approach to carefully considering potential exploration in the Chukchi Sea," said Abigail Ross Harper, director of the Bureau of Ocean Energy Management, in a statement.

This conditional approval means Shell must obtain permits from the federal government and the state of Alaska to begin drilling this summer.

Susan Murray, an official at Oceana, a group against Arctic drilling, said: "Our government has rushed to approve risky and ill-conceived exploration in one of the most remote and important places on Earth."
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Danes say no to euro! Reason for is Black Gold no doubt! This will be the cause of a future break up of The EU in my opinion!

He said it could have repercussions far beyond Denmark, possibly ushering in a two-tier Europe, split between those on the inside of the euro zone and those outside.



Russia-Exxon Strike Oil in Arctic - Billion Barrels Estimated in Kara Sea!!

http://www.e-catworld.com/2014/09/28/russia-exxon-strike-oil-in-arctic-billion-barrels-estimated-in-kara-sea/

Bloomberg reports that Rosneft CEO Igor Sechin states that the well has exceeded expectations and that he sees the discovery of "exceptional significance in showing the presence of hydrocarbons in the Arctic."

Update! The bureau proposed a new estimate: 4.3 billion barrels of oil in the arctic http://thechronicleherald.ca/business/1248040-us-hikes-estimates-of-arctic-oil-reserve
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