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Warpy

(114,591 posts)

2. It's a delay, not a stop

Reply to CaliforniaPeggy (Reply #1)

Mon Sep 28, 2015, 02:54 AM

Sep 2015

because they'll be back when oil prices spike up again. Right now, it would cost too much to get what's there out of the ground and shipped to a refinery.

As soon as they can make their bucks, they'll be back drilling those leased areas.

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Shell says it will abandon oil exploration in Alaska's Arctic. [View all] Blue_In_AK Sep 2015 OP

ALL RIGHT! CaliforniaPeggy Sep 2015 #1

It's a delay, not a stop Warpy Sep 2015 #2

Ah, you're probably right, damn it. CaliforniaPeggy Sep 2015 #3

When....and IF.....oil prices spike back up again. DFW Sep 2015 #4

The leases will expire Blue_In_AK Sep 2015 #5

we're better off buying the cheap oil from russia, they have a big glut and need the money Sunlei Sep 2015 #6

Alaska's economy is also largely based on oil, Blue_In_AK Sep 2015 #8

still the check for every man,woman & child in Alaska is $2,000? this year. All Americans Sunlei Sep 2015 #9

Yes, this may be the last year that we get dividends this large. Blue_In_AK Sep 2015 #10

Great news, Blue! Suich Sep 2015 #7

Was that in Seattle? F4lconF16 Sep 2015 #11

Yup! Suich Sep 2015 #12

Thank your friends Blue_In_AK Sep 2015 #13

Wow! Fantastic! Enthusiast Sep 2015 #14

Good news! NV Whino Sep 2015 #15

Heard this on NPR a short while ago malaise Sep 2015 #16

and when the price of oil goes back up... Javaman Sep 2015 #17