Bad news for Shell, great news for planet earth!

Here is the article to go with your premise:

Shell exits Arctic after ‘disappointing exploration outcome’
http://www.ogj.com/articles/2015/09/shell-exits-arctic-after-disappointing-exploration-outcome.html?cmpid=EnlDailySeptember282015&eid=288268884&bid=1188200

The article is interesting in that it talks about how the U.S. is importing less and less oil now. We are finding more of it in North America, and the move to energy sources beyond fossil fuels is an unstoppable movement. You can thank the climate-change movement for the latter, even though I do not believe in the 10-15 year 'tipping points' the activists carp about, or the giant government intrusions they clamor for.

Hey, I am not against the move to renewables. There will always be a market for oil and gas, even if it is not burned for its energy content. Think: plastics, synthetic rubber, fertilizers, chemical feedstocks, pharmaceuticals. Burning oil and gas is actually wasteful, as the products have a myriad of other important uses.

I can't imagine anyone saddened about Shell's decision to abort . . . .

ZVUGKTUBM wrote:Here is the article to go with your premise:

Shell exits Arctic after ‘disappointing exploration outcome’
http://www.ogj.com/articles/2015/09/shell-exits-arctic-after-disappointing-exploration-outcome.html?cmpid=EnlDailySeptember282015&eid=288268884&bid=1188200

The article is interesting in that it talks about how the U.S. is importing less and less oil now. We are finding more of it in North America, and the move to energy sources beyond fossil fuels is an unstoppable movement. You can thank the climate-change movement for the latter, even though I do not believe in the 10-15 year 'tipping points' the activists carp about, or the giant government intrusions they clamor for.

Hey, I am not against the move to renewables. There will always be a market for oil and gas, even if it is not burned for its energy content. Think: plastics, synthetic rubber, fertilizers, chemical feedstocks, pharmaceuticals. Burning oil and gas is actually wasteful, as the products have a myriad of other important uses.

Plastics can be made from hemp, which is biodegradable, unlike plastics made from petroleum, which don't readily degrade and are polluting the Earth. You should begin divesting, if you have not already done so.