WASHINGTON – Institute for Energy Research President Thomas Pyle issued the following statement on the approval of Shell’s permit to explore for oil in the Arctic Ocean:
“The approval of this permit is a huge victory for the American people. After fulfilling all of the requirements and investing $7 billion, Shell is finally able to begin the process of exploring these areas for vast oil resources that could make America stronger. But this is about more than finding oil. This is about investing in America’s future. The resources that lie in the Arctic will boost our energy security and ensure that American families have access to affordable energy for generations and generations to come. Americans of good will wish them luck in their search.”
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