Shell has conducted an assault on the Arctic Ocean for seven years and to the tune of 7 billion dollars. But we have learned yesterday, September 28, 2015, that their efforts did not return enough oil. As a result, they have determined that it would not be profitable enough for them to keep the pursuit going.
For those of us who side with the environmentalists, and the environmentalists themselves this is a huge win. On the other hand, there is a gaping hole in the Arctic Ocean that should not have been put there in the first place. This makes it no longer a pure place that was developed by nature, but one maimed by capitalists who sought to use it as a means of making themselves wealthier ‘than they already are.’ Besides, it is a well-known fact that carbon emissions to the atmosphere, which would be the eventuality of this product, are a problem for our ecosystem. Moreover, it is a great disrespect to this system, when greed causes capitalists such as Shell to disregard the consequences of oil and gas emissions in order to make a profit. Shell should spend some of its already vast wealth investing in ways that reduce carbon emissions, rather than in ways that seek to grow oil, so that they can sell it cheaper and therefore attract buyers. At a time when we need to lessen the number of cars on our roads, bridges and tunnels, Shell should not be seeking to sell oil cheaper, since that would only encourage them.
There are those who would argue that the expansion would mean more jobs, but as far as I am concerned, in this kind of situation, the end does not justify the means. Indeed, to me, shell’s biggest misstep was to throw 7 billion dollars down the hole of a barren space instead of using it to feed the many hungry people, here in the United States and around the world.