Tag Archives: arctic oil

Getting Arctic oil and natural gas will take decades

[ Only one exploratory well can be drilled in the short arctic summers, and many need to be drilled to even find and then explore the size of a potential oil field to see if it is worth extracting. But … Continue reading

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Professor Tad Patzek on Oil in the Arctic

[Shell spent 10 years and $7 billion before withdrawing from exploring the arctic because the oil and gas reserves they found were too meager.  The company needed “a multi-billion barrel discovery” to “justify going ahead,” Shell chief executive Ben van … Continue reading

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