Today 13:12 Price: 0.87 From LSE Poster
Rivendell666 4,338 posts
Go Walrus Go........
""(Alaskan) Oil production has fallen to less than a quarter of what it was in the late 1980s, as old wells drilled back then continue to produce less"" http://www.thenewamerican.com/economy/sectors/item/19979-oil-price-decline-hurting-alaska-the-most ""Green groups are pressuring US authorities to revoke the conditional approval of Shell's 2015 Arctic oil xploration plan because it conflicts with established rules that protect walruses."" http://www.upstreamonline.com/live/...il&utm_term=0_3d794df7ec-152206bbf9-303504929 So the Alaskan Authorities are v keen for oil revenues. Shell may (may not) produce in a decade or so. I suspect they'll do everything possible to xpedite onshore plans for drilling as per 88 GB and Repsol. Mind you positive macros for Xel Blvn haven't xactly worked out ove the last few years........
Observation No Opinion
Today 13:12 Price: 0.87 From LSE Poster Rivendell666 4,338 posts...
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