NBCNews.com | Optimism & Outrage: Shell's $7 Billion Arctic Oil Gamble NBCNews.com The energy giant's president, Marvin Odum, told NBC News that he's confident that the $7 billion already spent to find oil under the sea — a bet that no other company is making in the American Arctic — was the right business decision. And he says he ... Alaska's Point Thomson on track for first oil early next year |