to those long-ago days of early September 2015. President Obama became the 1st sitting President to visit north of the Arctic Circle. Rather controversially, he also awarded Shell Oil the rights to drill off the north Alaskan coast.
Well, Shell sank a test well, and brought up two things: jack and shit. Between that and the low price of crude oil in the world commodities markets, and Shell has announced that they’re giving up on the Arctic, at least for now.