Shell's (RDS.A) offshore Alaska Kulluk rig accident has led to calls from environmentalists and...

|By:, SA News Editor

Shell's (RDS.A) offshore Alaska Kulluk rig accident has led to calls from environmentalists and some lawmakers for a halt in Arctic energy programs, but might shareholders agree? The only thing Shell has to show for its $4.5B spent in the difficult locale is two top holes. For that kind of investment, Christopher Helman says Shell could have bought into a U.S. shale play and already be generating cash flow and volumes.