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The drilling in the Arctic has been a controversial issue for many oil companies and for countries surrounding the Arctic such as the United States Russia Netherland and Canada The US Geological Survey estimates that areas north of the Arctic circle have 90 billion barrels of technically recoverable oil as well as significant natural gasEarth island Institute 2013 The US has used average of 19 million barrels per day in 2012The US Energy Information Administration 2013 If we assume 90 billion barrels of crude oils are recoverable by oil companies the US could have saved 9 trillion price of 100 a barrel that would not have sent to Middle East countries for importing Not only for the US but also the countries bordering the Arctic is racing to pump the oil Many believe that if the oil companies can successfully extract crude oil from the Arctic it will significantly help their economy and lessen dependence from foreign oil import Although the race to the Arctic is heating up we must evaluate distinctly on the consequences for possible damages from drilling To investigate further we will take a closer look at four multinational oil companies Royal Dutch Shell PLC Dutch NunaoilGreenland British PetroleumEnglish and ConocoPhillips CoAmericanRoyal Dutch Shell PLC - Shell has spent 45 billion in order to obtain permits to drill in the Arctic Ocean in last 7 years Goldenberg 2013 However shells first drilling operation in 2012 was not successful at all Marano 2013 Even from the beginning Shell had troubles after troubles Shell struggled to meet the governments safety requirements for its oil spill response equipment experiencing multiple technical failures and permit violations On top of their violations Shell was charged 11 million for polluting Arctic air during operations in Chukchi Sea and Alaskas Beaufort Upton 2013 Two ships in Arctic the Noble Discoverer and the Kulluk were severely damaged from fierce storms from fall and winter in 2012 and moving back
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