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A partnership of Imperial Oil (IMO), Exxon Mobil (XOM) and BP could file for regulatory approval...

  • Thursday, December 6, 2012, 4:48 PM ET
    A partnership of Imperial Oil (IMO), Exxon Mobil (XOM) and BP could file for regulatory approval to restart exploration drilling in the Canadian Arctic - estimated to hold 90B barrels of recoverable oil - as early as summer 2013, the Northwest Territories industry minister says. IMO takes a more cautious line, saying it's not yet at the point of confirming a timetable.
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    Good news. They'll probably end up sucking the oil out of the Arctic National Reserve. The Canucks can reap all the tax benefit and then they'll mark it up and sell it to us. Oh well, if your government is too stupid to profit from an easy deal at least you can vote with your own $$ and profit by owning Exxon.
    6 Dec 2012, 04:59 PM Reply Like
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