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Why Shell is Betting Billions to Drill for Oil...Here
Oleh:
Birger, Jon
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Fortune vol. 165 no. 8 (Jun. 2012)
,
page 58-66.
Topik:
Oil Company
;
Drilling
;
Energy Exploration
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
FF16
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Alaska's outer-continental shelf has been off limits to oil companies -- despite the fact that Shell paid the U.S. government $2.2 billion for drilling rights back in 2005 and 2008. But that's about to change. After years of lawsuits, regulatory hitches, and other delays, Shell will finally sink its first exploratory wells in July, making this the first new offshore drilling project approved by the government since the 2010 BP (BP) disaster in the Gulf of Mexico. Come fall, the big news out of Barrow may well be America's largest offshore oil discovery in a generation. "We can't know," says Slaiby, "until we start drilling." The stakes are huge -- for Shell, for the environment, for the oil industry, and for the oil-addicted U.S. economy. The fact is, oil demand is soaring. Worldwide oil consumption is now running at 89 million barrels a day, according to the International Energy Agency. Not only is that up 6% from the lows of the recession -- a big increase given tight supplies -- but it's also above the pre-recession peak of 87 million barrels notched in 2008.
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