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Posts Tagged ‘The Yellow Peril’

Royal Dutch Shell begins to get the idea about further U.S. exploration

When Shell first entered the U.S. in the early years of the 20th Century, the company was labeled “The Yellow Peril”. History repeats.

Gerson Lehrman Group

January 5, 2011

Analysis by: Michael Lynch

Analyses are solely the work of the authors and have not been edited or endorsed by GLG.

Summary

Environmentalists blocked Shell’s drilling plans for the Beaufort and Chukchi seas. Shell had overcome the many obstacles last spring but the MC-252 incident in the Gulf of Mexico resulted in suspension of all offshore activity including the Arctic. Shell paid $2.1 billion for leases in the region and other expenses made the total come to $3.5 billion. This time the company has been denied clean air permits. Shell had planned to use the Frontier Discoverer rig with emission control technology. read more

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