Bloomberg | Shell's Alaska Exit Means Arctic Oil Reserves Remain Locked Away Bloomberg The inglorious end to Royal Dutch Shell Plc's $7 billion search for oil in Alaska means billions of barrels of crude will probably remain locked away in Arctic waters from the U.S. to Russia -- at least as long as prices remain near $50 a barrel. Shell ... Shell to Cease Oil Exploration in Alaskan Arctic After Disappointing Drilling ... Shell Exits Arctic as Slump in Oil Prices Forces Industry to Retrench These 2 charts explain why Shell stopped drilling in Alaska |