By Bryan Walsh | @bryanrwalsh | July 20, 2012
Royal Dutch Shell is set to begin drilling in the Arctic waters off Alaska beginning next month, assuming the Obama Administrations doesn’t hold off on needed permits at the last-minute. (With President Obama fighting for re-election—and fighting the charge that he’s anti-energy—don’t bet on it.) That has environmentalists extremely unhappy. As global warming—ironically—opens up once-iced over parts of the Arctic waters to drilling rigs, greens worry that a spill in the hostile environment of the far North is as inevitable as it would be devastating. Shell and other oil companies interested in the Arctic argue that they’ll be taking extra precautions in the Arctic, and note that they’ll be drilling shallow, low-pressure wells that are less likely to blow out than the deepwater well that caused BP’s 2010 Gulf oil spill.
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