Wednesday, June 3, 2015
[Shell Oil’s Polar Pioneer Arctic Drilling Rig – West Seattle, Seattle, Washington by Chas Redmond from Seattle WA, USA (IMG_2552) [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons]
In May, the U.S. government ‘conditionally approved’ drilling in the Arctic, but there are varying opinions about extracting oil and gas from the vast reserves believed to be located beneath the ocean’s waters.
Guest writer Jim Samuel explains for Crain’s Cleveland that the government’s approval of limited exploratory drilling in the Arctic can help Ohio, believe it or not. Further exploration of U.S. shale plays could lead to less dependence on foreign oil, and since Ohio is the second-largest raw steel producer, the state’s steel industry would benefit from the manufacturing demand for various steel drilling products.
Via: Crain’s Cleveland > Arctic drilling could benefit Ohio
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