Shell could benefit from Arctic exploration efforts, expert says

There is great potential in Royal Dutch Shell's offshore-exploration efforts in Alaska, said Tad Patzek of the University of Texas at Austin. "Shell is essentially buying an option to produce a potentially huge amount of oil in the Arctic at a relatively small cost (and) taking a measured go-slow approach," Patzek said.

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Anchorage Daily News (Alaska) (free registration)

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