Friday, July 6, 2007

Huge Shell drilling programme heralds scramble for the Arctic

Industry experts have claimed that it could spark a rush into one of the world’s biggest untapped energy reserves. Authorities believe that the Beaufort Sea contains eight billion barrels of oil and nearly 30 trillion cubic feet of gas. Despite fierce opposition from local communities and environmentalists, the US Minerals Management Service gave Shell the green light for the venture in February.

From the Times of London