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Blue_In_AK

(46,436 posts)

5. The leases will expire

Reply to Warpy (Reply #2)

Mon Sep 28, 2015, 03:17 AM

Sep 2015

and they'll have to start over. I like that they wasted $7 billion.

Shell's decision to cease offshore Arctic exploration affects both the Chukchi and the Beaufort. Its leases in the Chukchi are scheduled to expire in 2020 and most of its Beaufort leases are scheduled to expire in 2017...

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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