Seeking Alpha

Royal Dutch Shell (RDS.A, RDS.B) is asking for more time to drill in the Chukchi Sea off Alaska,...

Royal Dutch Shell (RDS.A, RDS.B) is asking for more time to drill in the Chukchi Sea off Alaska, as delays threaten to end its plans this year before they even get off the ground. Shell filed a request with the Interior Department late last week requesting about two more weeks to drill beyond the U.S. government's Sept. 24 deadline based on estimates of when ice will begin reforming.
From other sites
Comments (3)
  • Old Trader
    , contributor
    Comments (5726) | Send Message
     
    I'll be curious to see how the Interior Department responds to Shell's request (I'm thinking negatively, but hopefully, I'm wrong..)
    27 Aug 2012, 06:34 PM Reply Like
  • pls1helix@aol.com
    , contributor
    Comments (2) | Send Message
     
    As a Shell stockholder I see no reason to extend the season and increase the risk, The venture is already betting a good portion of the company assets against the risk of spill they know they can't clean up. Paul Schutt / Chicago
    27 Aug 2012, 06:47 PM Reply Like
  • 867046
    , contributor
    Comments (398) | Send Message
     
    It's all over the news wires that there is record amount of artic ice melting this summer.

     

    Since ice reflects sunlight more than water, the lack of ice should heat up the ocean more depending on the currents. I would guess perhaps an extension is possible.
    27 Aug 2012, 09:11 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs