Exxon Mobil Corporation (XOM), Seadrill Ltd (SDRL): Is Arctic Drilling a Boom or Bust Proposition?
From Insider Monkey - Free Hedge Fund and Insider Trading Data
January 16, 2013 - 12:45pm
Before shale drilling became a huge craze in the late 2000s the Arctic was supposed to be the next oil frontier. The U.S. Geological Survey found that the Arctic holds about 90 billion barrels of oil, enough to feed the world’s thirst for oil for about three years. But drilling in the Arctic isn’t like drilling [...]
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