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Shell's (RDS.A) vital oil spill test this week is the culmination of years of wrangling with...
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Friday, June 29, 2012, 5:24 PM ETShell's (RDS.A) vital oil spill test this week is the culmination of years of wrangling with U.S. regulators, leaving Shell on the brink of drilling in Arctic waters off Alaska in what promises to be one of the world’s most scrutinized campaigns. The Chukchi and Beaufort seas alone may hold 25B-27B barrels of oil, at least 80% as much as the entire proved reserves of the U.S.
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(Disclosure: long RDS.B)
Agree with your comment old trader