Skip to comments.So Much for the Polar Bears - Arctic Drilling to Begin
Posted on 09/01/2011 6:00:05 PM PDT by bananaman22
The good news for wildlife around the Arctic Circle is that BP, renowned despoiler of the Gulf of Mexico, will not be coming.
BPs 2010 Deepwater Horizon oil spill (also referred as the Macondo blowout), which surged for three months, has won a place in the Guinness book of records as the largest accidental marine oil spill in the history of the petroleum industry.
The bad news is that U.S. oil international Exxon Mobil has sealed an Arctic oil exploration deal with Russias state-owned oil firm Rosneft, following an agreement signed on 29 August in the presence of Russian Prime Minister Vladimir Putin.
Proving that the Cold War is well and truly dead, at least for multinationals, Putin gushed, "New horizons are opening up. One of the world's leading companies, Exxon Mobil, is starting to work on Russia's strategic shelf and deepwater continental shelf. The potential oil fields are some of the largest in circumpolar Arctic offshore area.
The contract stipulates that Exxon Mobil and Rosneft will jointly spend $3.2 billion on deepwater exploration in the Russian federations East Prinovozemelskii region of the Kara Sea.
Of course, Exxon Mobil did not walk away empty-handed, as the agreement also allows it to begin oil prospecting in the Black Sea. And Rosneft, pushing away from the casino table, will be permitted to develop fields in the Gulf of Mexico and Texas.
Last but not least, the two companies will also cooperate on the development of oil fields in Western Siberia, where production has been in decline for more than a decade.
But lets get back to the Kara Sea for a moment.
Sandwiched between Novaiia Zemliia island and the Severnaia Zemliia archipelago, compared to its western neighbor, Compared to the Barents Sea, which receives warm Atlantic currents, the Kara Sea is much colder because of its isolation, remaining Full article at: So Much for the Polar Bears - Arctic Drilling to Begin
Pushing American companies and jobs overseas. Must be part of Obammy’s jobs program.
Wow, go against Americans drilling in the Arctic, while letting BP do it, I am royally disappointed. It’s also funny that I can still remember our president say how he needed to kick BP’s $%^&$. Wow, he probably thought we wouldn’t know about this.
Bambi doesn’t care as long as America doesn’t get the oil or the jobs.
I think the arrogant, teleprompter reading clown want jobs, but only for select groups. That would be certain minorities (read not so much Asians), unions in general and government unions in particular.
Screw the revenue producing rest of us, with as many qualified minorities as we can hire.
He doesn't get it, that white men are a minority too, that some of us getting rich mean that most of us get jobs.