Exxon Makes Oil Deal With Russia

Wednesday, August 31, 2011

Alaskan waters remain off-limits to drilling, much to many oil companies' dismay. But Exxon has decided to hop over the Bering Strait, and make a deal with Russia to explore for oil in the Arctic Ocean in their territory. This deal may show how lucrative climate change has become to the oil business, since more oil is becoming available as Arctic ice recedes.

Lisa Margonelli, director of the Energy Policy Initiative at the New America Foundation, thinks this is an important deal because it shows a significant shift from natural gas back to oil.


Lisa Margonelli

Produced by:

David J Fazekas

Comments [1]


Why is this administration driving American energy companies away from the United States?

Aug. 31 2011 11:26 AM

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.