more often? so the gulf of mexico has been under exploration and under oil development for decades, since the 1950s. and by contrast, you know, the arctic does not have the u.s. arctic anyway doesn t have pipelines. it doesn t have production facilities. so any oil company doesn t just have to find the crude that they want to produce and sell. they need to find a way to get it to market. so they have to build all of those facilities. and that s an extraordinary undertaking. the amount of environmental analysis that would go into it is huge. it s quite costly. so is there a ripple effect to this? shell isn t going to do this. does this mean that no one is going to be drilling in the arctic or is somebody else going to take a shot at this? there are some drilling in other parts of the arctic, the russian arctic, for instance, and there s been some interest in the canadian arctic although that has diminished lately among low oil prices. but for the u.s. arctic it doesn t look like
so the gulf of mexico has been under exploration and under oil development for decades, since the 1950s. and by contrast, you know, the arctic does not have the u.s. arctic anyway doesn t have pipelines. it doesn t have production facilities. so any oil company doesn t just have to find the crude that they want to produce and sell. they need to find a way to get it to market. so they have to build all of those facilities. and that s an extraordinary undertaking. the amount of environmental analysis that would go into it is huge. it s quite costly. so is there a ripple effect to this? shell isn t going to do this. does this mean that no one is going to be drilling in the arctic or is somebody else going to fake a shot at? there are some drilling in other parts of the arctic, the russian airkt, for instance, and there s been some interest in the canadian arctic although that has diminished lately among low oil prices. but for the u.s. arctic it doesn t look likely that anyone s g
by contrast the arctic does not have the u.s. arctic, anyway, doesn t have pipelines. it doesn t have production facilities. any oil company just doesn t have to find the crude they want to produce and sell, they need to find a way to get it to market so they have to build all the facilities. the amount of environmental analysis that would go into it is huge. it s quite costly. is a ripple effect that shell isn t going to do this. does this mean that no one is going to be drilling in the arctic or somebody else is going to take a shot at this? there is some drilling in the russian arctic, for instance, and there s been some interest in the canadian arctic. but for the u.s. arctic it doesn t look likely that anyone is going to be up there actively drilling far away from shore any time soon. there are a couple other companies that hold leases in the sea but they ve held back. they ve cited regulatory concerns, concerns about evolving nan dates, federal