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Randall Luthi of Beltway Insiders weighs in on Shells plans to begin Arctic oil and natural gas exploration. The Arctic Myth | Commentary By: Roll Call Americas economic future depends on energy. I have often been critical of Congress and the Obama administration for not doing enough to secure our energy future, but I am pleased to give credit where credit is due. The administration got it right with the recent announcement from the Bureau of Ocean Energy Management conditionally approving Shells Application for Permit to Drill in the Chukchi Sea. Predictably, however, the announcement triggered a torrent of teeth gnashing, including a short-sighted and alarmist letter written by 18 senators from the presidents own party and the ranting and raving of extreme environmental groups about the destruction of the Arctic due to oil and gas exploration. Its well past time to take a close look at the Arctic Myth that this group of senators and others are continuing to put forward as fact,
The Associated Press talked with Exxon CEO Rex Tillerson about future U.S. oil and gas exploration in the Arctic. Exxon CEO Talks Arctic Oil Drilling, Risks, Lessons By: Jonathan Fahey (AP) WASHINGTON (AP) The Arctic is the next great frontier for oil and gas and one of the most environmentally fragile places on earth. An Energy Department advisory council study adopted last week said the U.S. should start exploring for oil and gas in the Arctic soon in order to feed future demand, and that the industry is ready to safely exploit the Arctics huge reserves, despite recent mishaps. In an exclusive interview with the Associated Press, ExxonMobil CEO Rex Tillerson, who led the committee that produced the report, talked about why he thinks Arctic exploration is worth the risk. Exxon has decades of experience working in that part of the world, including successful projects in Russia but also a catastrophic oil spill in Alaskas Prince William Sound when the Exxon Valdez oil tanker ran