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How To Profit From America’s Arctic Riches
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Less than a month ago, Shell Oil suffered a major setback to its Arctic drilling program. Shell’s 28,000-ton drill ship Kulluck ran aground off of Kodiak Island, Alaska, after breaking tow lines during stormy weather. Prior to that, the U.S. Coast Guard evacuated the 18-member crew from the rig. According to a Coast Guard spokesperson, winds were gusting to 70 miles an hour, and the sea state in the Gulf of Alaska is hurling 40-foot […]
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