Shell Concedes That Drilling Off the Alaskan Coast Is a Really Bad, Really Expensive Idea

After spending $7 billion drilling for oil and gas in the Chukchi Sea off Alaska, oil giant Shell announced today it will cease all drilling due to “a clearly disappointing exploration outcome.” This means there might be zero drilling off Alaska’s Arctic coast in the near future. »9/28/15 7:03pm9/28/15 7:03pm