Off Shore Drilling Expanding to Arctic Ocean

According to an article by Dow Jones & Co., Inc., Shell remains confident it will be able to start exploring for oil in the Arctic Ocean. Shell has been seeking permits to drill off the north coast of Alaska for several years. The company has already spent more than $4 billion to prepare for exploratory drilling. Shell still needs to cross several more regulatory barriers before it will be permitted to begin drilling in July. It also faces opposition from several environmental groups.