Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Shell: No Beaufort Sea drilling in Arctic for 2011
ANCHORAGE, Alaska (AP) -- Shell Alaska has dropped plans to drill in the Arctic waters of the Beaufort Sea this year and will concentrate on obtaining permits for the 2012 season, company Vice President Pete Slaiby said Thursday.
The recent remand of air permits issued by the Environmental Protection Agency was the final driver behind the decision, Slaiby said at a news conference.
Alaska receives upward of 90 percent of its general fund revenue from the petroleum industry, and top state officials reacted strongly to the decision. U.S. Sen. Mark Begich, D-Alaska, blamed the Obama administration and the EPA.
"Their foot dragging means the loss of another exploration season in Alaska, the loss of nearly 800 direct jobs and many more indirect jobs," Begich said. "That doesn't count the millions of dollars in contracting that won't happen either at a time when our economy needs the investment."
Read More: Shell: No Beaufort Sea drilling in Arctic for 2011 - Yahoo! Finance (http://finance.yahoo.com/news/Shell-No-Beaufort-Sea-apf-844337881.html?x=0&sec=topStories&pos=main&asset=& ccode= - broken link)
Shell: No Beaufort Sea drilling in Arctic for 2011
ANCHORAGE, Alaska (AP) -- Shell Alaska has dropped plans to drill in the Arctic waters of the Beaufort Sea this year and will concentrate on obtaining permits for the 2012 season, company Vice President Pete Slaiby said Thursday.
The recent remand of air permits issued by the Environmental Protection Agency was the final driver behind the decision, Slaiby said at a news conference.
Alaska receives upward of 90 percent of its general fund revenue from the petroleum industry, and top state officials reacted strongly to the decision. U.S. Sen. Mark Begich, D-Alaska, blamed the Obama administration and the EPA.
"Their foot dragging means the loss of another exploration season in Alaska, the loss of nearly 800 direct jobs and many more indirect jobs," Begich said. "That doesn't count the millions of dollars in contracting that won't happen either at a time when our economy needs the investment."
Read More: Shell: No Beaufort Sea drilling in Arctic for 2011 - Yahoo! Finance (http://finance.yahoo.com/news/Shell-No-Beaufort-Sea-apf-844337881.html?x=0&sec=topStories&pos=main&asset=& ccode= - broken link)
The fulfillment IMO of Democrat and Obama's wet dreams. That is where they wake up pissing on YOU in this case.
We should establish a moratorium on all domestic drilling until we have sucked the rest of the world dry. Then our oil will be worth substantially more than now. This would be a great long term investment.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
