Shell says it will abandon oil exploration in Alaska's Arctic.

[DFW]

4. When....and IF.....oil prices spike back up again.

Here in Germany--with predictable opposition from energy companies--the rush toward renewable energy is going full speed. Merkel took a bold step of saying no more nuclear power when she saw what happened in Fukushima. Without nuclear, there was only oil or renewables. Europe is too densely populated for fracking to be safe (actually so are Ohio, Oklahoma, Pennsylvania and Texas, but that's not Germany's problem). So: it's wind and solar here. I know a well-off guy in his seventies who bought a great old house out in the boonies (in Germany, that means 20 minutes outside of town). He built solar panels on his land big enough to power everything but his car. He didn't need to, but he told me "SOMEbody has to start." He's right.