FROM Mead Treadwell
The Consequences of Shell Leaving the Arctic In 1968, oil was discovered in Prudhoe Bay, and the State of Alaska experienced a bonanza. The next bonanza was expected to come from the Arctic Ocean — but now, it just might not happen. Courtesy of Shell Oil Royal Dutch Shell invested $7 billion exploring for oil in the Arctic Ocean. President Obama took heat from environmentalists when he approved further drilling. But yesterday, the company said, " Never mind ," and announced that it's leaving. Mead Treadwell is President of PT Capital, which invests in Arctic opportunities. He's a former Lieutenant Governor of Alaska.
America's Rejoining the Race for Arctic Oil President Obama has protected some parts of the Arctic Ocean from oil and gas development — but he's permitted exploration in other parts . Royal Dutch Shell will be towing massive rigs back and forth from Seattle to far Northern waters for drilling during brief summer respites from icy storms. In the waters off Seattle, small boats and kayaks are gathered to protest exploratory oil drilling. Outraged environmentalists see potential disasters worse than Deepwater Horizon, which devastated the relatively placid Gulf of Mexico. Meantime, Russia, Norway — and even China — are also looking at opportunities for Arctic oil drilling created by climate change.
Global Warming and the Rush to Claim the Arctic's Riches CNN calls it "an irony that even Al Gore might appreciate." As global warming causes the polar icecaps to recede, frozen oceans become navigable and undiscovered oil and natural gas becomes accessible. Russia's most famous Arctic explorer, Artur Chilingarov , has placed a flag on the seabed beneath the North Pole. Canada's Prime Minister Stephen Harper is out on the Arctic Ocean making plans for an Army training center and a deep-water port. Melting ice may free up both the Northwest Passage and one quarter of the world's undiscovered oil and natural gas. It's the Wild, Wild West all over again. Will the US assert its national interests? What are the prospects for international conflict?
Why Don't Facts Matter? "Fake News" may have a long history, but social media and 21st Century politics have brought it front and center. One reason for its appeal and its power is the tendency of so many people to cling to their beliefs — even when confronted with contradictory evidence. Today, another look at the Emotional States of America.
In Janesville, WI, Middle America meets the new American dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn't prevent the closing of the General Motors factory after 100 years. We hear what's happened to what once was a model of American middle-class unity.
Truth and Lies in Trumpland Donald Trump is using mis-information like no President has before him. It's an unprecedented challenge to the news media, and a potential threat to democracy. We hear how the "leader of all the people" is dividing Americans and confusing the rest of the world.
"Tough on crime" rhetoric sees a revival at Sessions' DOJ The pendulum swings between treatment-focused approaches to drug abuse and tough law enforcement. Now, after years of Obama-era "reforms," President Trump’s Attorney General, Jeff Sessions wants local police freed from federal restrictions to fight another "war on drugs."