Oil Exploration in the Arctic: Is the Obama Administration Really Interested?
Regulatory challenges from the Department of Interior, the Environmental Protection Agency, and the Coast Guard
By Institute for Energy Research —— Bio and Archives--September 20, 2012
Global Warming-Energy-Environment | Comments | Back To Full Article
Shell has spent around $4.5 billion to explore for oil in the Chukchi and Beaufort Seas in the Arctic,[ia which according to the U.S. Geological Survey, has more than 90 billion barrels of recoverable oil and nearly 1,700 trillion cubic feet of recoverable natural gas.[ii] After years of delays from the Obama Administration, the company was allowed to move forward with "certain limited preparatory activities in the Chukchi Sea", according to the Bureau of Safety and Environmental Enforcement (BSEE). The BSEE stated[iii]:
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