As the Washington Examiner noted:
A little more than a month after getting permission from President Obama, Shell announced Monday it will cease drilling in the Arctic after disappointing results.
In a statement released Monday morning, the company announced drilling to 6,800 feet in the Burger J well, about 150 miles from Barrow, Alaska, didn’t find enough oil to warrant further drilling. The well will be sealed and abandoned.
CommentsComments are turned off for this article.