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As Prices Drop, Oil Industry Retreats From Drilling Projects - New York Times
New York Times | As Prices Drop, Oil Industry Retreats From Drilling Projects New York Times As oil prices have continued their steady decline this year, rig after rig has been shut down, costing thousands of jobs in the United States. Yet major oil producers have been loathe to pull the plug on their most ambitious projects — the ... Shell to Cease Oil Exploration in Alaskan Arctic After Disappointing Drilling ... Shell freezes Arctic oil quest after $7 billion bid yields 'disappointing' results Shell has frozen its Arctic oil drilling – but it's still hungry for fossil fuels |
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