Tag Archives: arctic oil

Getting Arctic oil and natural gas will take decades or more

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