Despite the alleged hand wringing and the 'only after careful consideration' approval dance staged by the administration for the media and the public, mention needs be made of the international 'oil rush' - a modern day 'Klondike Gold Rush' staking national claims through a visible extraction presence in the arctic (facts on the ground). We're all doing it up north say the circumpolar nations. We gotta! We just gotta!
Well we don't gotta nothing and neither do they. The name on the rig doesn't matter, our rigs - their rigs... who really unleashes the dogs of oil?
Shell is drooling at the chance to drill for oil and always will be just like any oil company is. However, it is not so much the dogs of oil were being held back by a governmental leash...
...it is more that the various governments pointed north and gave the command 'Sic 'em!.
The question is asked why drill in the arctic despite a glut of oil? Well just maybe part of the answer (in addition to the usual greed) is that this should be called war oil.
An oil reserve big enough for a big WAR. Big war like WW2 sized all out all in war. Thousands of ships, planes, tanks, trucks... you need oil for a big war.
Is there such a big scale war in the world's future? Let's hope not but in WW2 America was a major oil producer but these days we import oil. Arctic oil is in effect a necessary component ... for a big scale war. Say hi to the Russians up there... and they'll say hi to us.