Shell stops drilling in the Arctic

Shell arctic drillingIn the last few years the ice of the Arctic has been melting increasingly fast. This has increased the willingness of oil companies of all colors and stripes to dig there. Among them, the Royal Dutch Shell.

Given how Arctic oil would be difficult to retrieve safely and how little they would ease the pressure on prices – see my previous posts on the matter – it’s no surprise that the company has suspended for this year its activities there.

Both the Economist and the Huffington Post – as well as many other sources – have dedicated articles to the news. Let’s hope Arctic oil drilling will never happen.

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