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Shell’s bad missteps all but killed off US Arctic oil program

Screen Shot 2014-01-30 at 15.20.51Extracts from an article by Nick Cunningham published Sunday 20 April 2014 by oilprice.com under the headline:”Russia’s Arctic Prize Won’t Be As Big As Many Think”

While Royal Dutch Shell’s bad missteps have all but killed off the Arctic oil program in the United States, Russia is moving ahead, and Putin clearly believes that the Arctic is an essential ingredient in its ability to maintain its position as one of the world’s largest oil producers. In early April, former Secretary of State Hillary Clinton said that Canada and the U.S. should form a “united front” against expansionist moves by Russia in the Arctic. She warned against Russia’s military buildup in the region.

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