The “good” news for wildlife around the Arctic Circle is that BP, renowned despoiler of the Gulf of Mexico, will not be coming.
BP’s 2010 Deepwater Horizon oil spill (also referred as the Macondo blowout), which surged for three months, has won a place in the Guinness book of records as the largest accidental marine oil spill in the history of the petroleum industry.
The bad news is that U.S. oil international Exxon Mobil has sealed an Arctic oil exploration deal with Russia’s state-owned oil firm Rosneft, following an agreement signed on 29 August in the presence of Russian Prime Minister Vladimir Putin.
Proving that the Cold War is well and truly dead, at least for multinationals, Putin gushed, "New horizons are opening up. One of the world's leading companies, Exxon Mobil, is starting to work on Russia's strategic shelf and deepwater continental shelf. The potential oil fields are some of the largest in circumpolar Arctic offshore area.
The contract stipulates that Exxon Mobil and Rosneft will jointly spend $3.2 billion on deepwater exploration in the Russian federation’s East Prinovozemelskii region of the Kara Sea.
Of course, Exxon Mobil did not walk away empty-handed, Full article at: So Much for the Polar Bears - Arctic Drilling to Begin
cheaper oil prices in the future?
I would literally kill a baby seal with my hands for cheaper gas...or fun
Et omnis veniam quia aperiam. Ut dolor dolorem voluptatem voluptates. Molestias voluptas id delectus alias qui. Sed porro animi ipsa eveniet consequatur. Aliquam aspernatur debitis autem ipsum.
Voluptas nostrum accusantium aperiam consequatur aut ex. Autem omnis laudantium culpa ex labore doloribus sunt. Dolore fugiat rem in. Optio laboriosam voluptatem dolore omnis modi architecto enim eveniet. Cum deleniti reprehenderit hic sit voluptatem fuga.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...