[Lorianne]

http://www.bloomberg.com/news/articles/2016-05-10/big-oil-abandons-2-5-billion-in-u-s-arctic-drilling-rights

[mountainlion]

I expect they were intimidated and blackmailed by an anti-
American government.

[onedoug]

...Russia moves in....

[Syncopated]

The market at work.

We have a surplus of crude, largely due to the subsidizing of an industry that has no market as China’s boom slows to a more melodic pace. We’ll return to these interests when the market can afford it.

[Paladin2]

They should get their money back.

[TruthInThoughtWordAndDeed]

It is cheaper to frack in a warmer region.

[vpintheak]

Leftist government and greedy redneck-socialists doing.
I can’t for the life of me understand why so many so called conservatives in Alaska scream and yell about “my permanent fund” and support screwing over the oil producers.
Yeah, I live in Alaska. I know what I’m talking about.