Replies to post #4351 on The Rising Influence of Rising Affluence

[DewDiligence]

Environmental groups seek to thwart Shell’s arctic drilling, as expected:

http://online.wsj.com/article/SB10001424052702303879604577410520594646982.html

"History tells us opposition groups will use the courts in an attempt to stall our program at every turn," said Curtis Smith, a spokesman for Shell's Shell Alaska division. "Our recent filings make clear we have no intention of sitting back and waiting for that to happen."

…The latest challenge alleges Shell's vessel and support fleet will pollute the Arctic air [LOL]. Shell officials said the Environmental Protection Agency, which issued the emissions permits under the Clean Air Act, has found the ships would pose no significant impact to the air.

[DewDiligence]

Long NYT article on the political imperatives vis-à-vis Shell’s arctic drilling:

http://www.nytimes.com/2012/05/24/science/earth/shell-arctic-ocean-drilling-stands-to-open-new-oil-frontier.html

Not an investment-oriented article, but probably worth a read if you’re interested in the politics underpinning US energy policy.

[DewDiligence]

Dumb Seeking Alpha piece on Shell’s arctic program:

http://seekingalpha.com/article/671521-polar-bear-royal-dutch-will-fail-in-arctic

[DewDiligence]

Looks like Shell is planning to retry drilling in the Chukchi Sea next July:

http://finance.yahoo.com/news/transoceans-alaska-rig-contract-shell-230711494.html