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Posted Thu Sep 1 2011: from New York Times:
Exxon Reaches Arctic Oil Deal With Russians http://apocadocs.com/s.pl?1314840012
MOSCOW -- Exxon Mobil won a coveted prize in the global petroleum industry Tuesday with an agreement to explore for oil in a Russian portion of the Arctic Ocean that is being opened for drilling even as Alaskan waters remain mostly off limits. The agreement seemed to supersede a similar but failed deal that Russia's state oil company, Rosneft, reached with the British oil giant BP this year -- with a few striking differences. Where BP had planned to swap stock, Exxon, which is based in Texas, agreed to give Rosneft assets elsewhere in the world, including some that Exxon owns in the deepwater zones of the Gulf of Mexico and on land in Texas.
[Read more stories about: arctic meltdown, capitalist greed, holyshit, habitat loss, oil issues]

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