Description: After plunking down more than $2.5 billion for drilling rights in U.S. Arctic waters, Royal Dutch Shell, ConocoPhillips and other companies have quietly relinquished claims they once hoped would net the next big oil discovery.
Source: Bloomberg.com – video report
Date: May 10, 2016
Questions for Discussions:
- What does the report say about Arctic exploration and resources?
- What do you think will happen over the next decade?