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US Coast Guard Needs Billions of Dollars to Cover Oil Companies in the Arctic

OilPrice.com -- Shell is one of six energy companies hoping to begin drilling for oil and gas in the Arctic next month. Global warming has led to large amounts of ice melting, which in turn has opened up new areas off Alaska’s north coast, ready for oil and gas exploration.

Since 2005 Shell has spent $4.5 billion preparing for its upcoming Arctic adventure, but it now turns out that US citizens may be required to fork out nearly as much in order to control and regulate oil company operations in the Arctic.

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Submitted Jul 19, 2012 By: NOTSOGRN
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: US Coast Guard Needs Billions of Dollars to Cover Oil Companies in the Arctic Post a Reply Back to Topics
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honda0105
Champion Author Tallahassee

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Message Posted: Jul 22, 2012 8:01:37 AM
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You said it, LeEC. Just doesn't WANT to b/c it cuts the addictive high and near record profit margins.
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LetemEatCake
Champion Author Oklahoma City

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Message Posted: Jul 21, 2012 12:03:53 AM
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Big Oil can well afford to pay this bill
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Agarre
Champion Author Richmond

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Message Posted: Jul 20, 2012 8:29:45 PM
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Tax money ?
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HawaiianGuy
Champion Author Idaho

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Message Posted: Jul 20, 2012 3:15:36 PM
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Big Oil will always need oversight. They've proven themselves incapable of policing themselves, most notably the recent BP Gulf catastrophe.
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sparky808
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Message Posted: Jul 20, 2012 1:16:42 PM
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Thank you for posting.
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KhelbenArunson
Champion Author Michigan

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Message Posted: Jul 20, 2012 9:21:06 AM
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Make the oil companies pay the government for coast guard services.
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sprocketsplines
Champion Author Washington

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Message Posted: Jul 20, 2012 1:36:09 AM
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The comment that "the Coast Guard has zero capability in the Artic" suggests that the Coast Guard must figure the U.S. stops at the 49th parallel. The oil and gas exploration activity off Alaska's north coast only serves to bring matters to a head.
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Sneakers55
Champion Author Houston

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Message Posted: Jul 20, 2012 1:00:46 AM
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On Jul 19, 2012 11:22:09 PM, jkspr wrote:

>Why can't the government subsidized oil companies pay this bill?

Why should they? Most of them don't do business here in the first place.
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jkpsr
Champion Author New Jersey

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Message Posted: Jul 20, 2012 12:22:09 AM
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Why can't the government subsidized oil companies pay this bill?
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quasar502
Champion Author Lansing

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Message Posted: Jul 20, 2012 12:20:57 AM
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If you want the expansion, you need the infrastructure.
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boatfloyd
Champion Author Jacksonville

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Message Posted: Jul 20, 2012 12:20:07 AM
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Let the Oil Companies pay.
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crreed1
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Message Posted: Jul 20, 2012 12:18:58 AM
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taxes
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tedjm1
Champion Author New York

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Message Posted: Jul 20, 2012 12:17:19 AM
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Sure, let the taxpayer help these companies make money. Tax the hell out of the population. Legislators use this money as their own anyway
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Bigwaynef
Champion Author South Carolina

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Message Posted: Jul 20, 2012 12:16:23 AM
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But we need several billion to house & feed the illegals...
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1fulltank
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Message Posted: Jul 20, 2012 12:14:40 AM
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YAY! Let's all pitch in to help the oil companies!
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mpg611
Champion Author Cleveland

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Message Posted: Jul 20, 2012 12:14:20 AM
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Americans need billions of dollars to full up their vehicle's gas tanks.
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ManOfLeisureII
Champion Author Philadelphia

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Message Posted: Jul 20, 2012 12:12:57 AM
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A billion here.....a billion there....pretty soon it adds up to real money......
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SavALot
Champion Author Virginia Beach

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Message Posted: Jul 20, 2012 12:12:24 AM
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Billions gets thrown around so nonchalantly nowadays
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millerin
Champion Author Orlando

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Message Posted: Jul 20, 2012 12:11:47 AM
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hmm...
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LCSTEELERBOB
Champion Author Gary

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Message Posted: Jul 20, 2012 12:11:41 AM
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take the cost from the oil companies cost and not to reflect on us
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unclemattie
Veteran Author Atlanta

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Message Posted: Jul 20, 2012 12:11:18 AM
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Global warming, huh? Nothing to do with the large solar flares hitting the earth this year. OK
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SWAPCAR1
Veteran Author New Jersey

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Message Posted: Jul 20, 2012 12:11:10 AM
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The drillers should pay.
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52MPG
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Message Posted: Jul 20, 2012 12:10:42 AM
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Tax the Oil Companies for the cost.
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WebGabe
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Message Posted: Jul 20, 2012 12:10:29 AM
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Ok.
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Jeff1944
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Tell Osama Obama, Ken Salazar, Steven Chu and Lisa Jackson, they will find the money with the Osama's Executive Orders!
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dancygreen
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Message Posted: Jul 20, 2012 12:09:59 AM
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ok
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rawdog1313
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Message Posted: Jul 20, 2012 12:09:44 AM
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Make them pay for it! It isn't like they can't afford it!
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TheeRedRam
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Message Posted: Jul 20, 2012 12:09:15 AM
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Hummm
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regout
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Message Posted: Jul 20, 2012 12:04:45 AM
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Ok.
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12766
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OK
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jem069
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ok
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miser709
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Message Posted: Jul 20, 2012 12:03:39 AM
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I know where that's coming from.
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txkrb
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Message Posted: Jul 20, 2012 12:03:08 AM
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"the Coast Guard has zero capability in the Arctic"

Then how did they help that russian tanker get gas and diesel to the town in Alaska last winter
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jetskijerry
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No one seems to care..
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jetskijerry
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We will eventually doom ourselves.
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dabbadu
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Message Posted: Jul 19, 2012 11:56:01 PM
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standard operating procedure.
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LetemEatCake
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Message Posted: Jul 19, 2012 11:55:52 PM
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Drillers should bear the cost!
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TheeRedRam
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Message Posted: Jul 19, 2012 11:54:30 PM
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.
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Saunch2012
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Message Posted: Jul 19, 2012 11:48:14 PM
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ok
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frostyWV
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Message Posted: Jul 19, 2012 11:46:49 PM
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make them pay for it not us.
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jferrara41
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Message Posted: Jul 19, 2012 11:46:14 PM
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well???
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TFowler513
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Message Posted: Jul 19, 2012 11:46:13 PM
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Pay for service model. Permits should have a fee attached to cover the cost.
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Zonk
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Message Posted: Jul 19, 2012 11:46:02 PM
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Get some of obama's stimulus money.
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abcdMA
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Message Posted: Jul 19, 2012 11:45:57 PM
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another hand waiting for money
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MrLuigi
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Message Posted: Jul 19, 2012 11:44:26 PM
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absolute BS if they want us to pay for it with the record breaking profits the oil companies have been squeezing out of us these past several years!!!
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jrsva
Champion Author Virginia

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Message Posted: Jul 19, 2012 11:42:38 PM
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“Global Warming is a lie”

Oh man, not another ostrich. Wake up and look around. Why is the ice disappearing in the Arctic Ocean? Why are glaciers melting everywhere? Why have the last few years been among the warmest on record? These may be cyclical changes but, if so, we are clearly on a strong up cycle, which will have devastating impacts on coastal areas all over the world if it continues much longer.
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CorvairHaven
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Message Posted: Jul 19, 2012 11:39:29 PM
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Your tax dollars at work.
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91Hilux
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Message Posted: Jul 19, 2012 11:39:07 PM
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This article is total BS! My father was stationed in the Arctic on a Coast Guard cutter. There are still a few thousand Coast Guard members currently up there who will argue against "not being able to operate there"
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Eugenian
Champion Author Oregon

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Message Posted: Jul 19, 2012 11:30:11 PM
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Bill the oil companies for it.
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feistyfella
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Message Posted: Jul 19, 2012 11:29:51 PM
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Billions
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