Tag Archives: arctic oil

Drilling for Arctic Oil and Gas. National Petroleum Council 2015

[The EROI of arctic oil and gas is very low, and the likely ecological damage not worth the risk.  November 2015: Statoil has abandoned plans to drill in the Arctic Ocean off the northwest coast of Alaska, and is giving … 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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