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Shell Oil has recently proven with the economic cost of US$7,000,000,000 (billion) that polar oil exploration is not economically feasible. The proved it in the Arctic.
The Antarctic Treaty prohibits commercial enterprises south of 60 degrees S., which includes Antarctica.
Wiki User
∙ 8y ago
Katherine Meyne
Wiki User
∙ 8y agoNo commercial ventures are allowed on earth south of 60 degrees S based on the Antarctic Treaty. This includes the continent of Antarctica.
Drilling in polar environments has recently proved to be uneconomical. For example, in 2015 Shell oil abandoned its drilling efforts in the polar Arctic after spending about US$7,000,000,000 (billion) in its drilling efforts.
Wiki User
∙ 11y agoThe cost of drilling goes up with the amount of oil that needs to be drilled, because more oil means more machines
Wiki User
∙ 9y agoThere is no oil drilling allowed in Antarctica, based on the Antarctic Treaty.
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Can drilling in antarctica ruin the economy?
Antarctica is governed by the Antarctic Treaty, which expressly forbids drilling. The economy of Antarctica is non-existent, because there is no country there to evaluate in these terms.
What are the different economic and non economic costs of unemployment?
Economic costs is the decrease in goods and services that occurs as result of unemployment but non-economic cost is the increase in goods and services that occur as result of unemployment.
What is the difference between drilling and directional drilling?
Conventional Drilling is the drilling of a vertical well through reservoir rocks to TD. Directional drilling is the drilling of a non-vertical well horizontaly through a source rock.
What are non-livable areas in antarctica?
All of Antarctica would be considered non-livable, at least for animal life.
What are the example that economic factors linked to non-economic?
examples of non economic factors
Non economic activities and its examples?
What is the difference between economic and non economic activities.?
What are example of economic wants?
non-economic wants are those human needs which does not involve cost. and some of its example i air, water in mountains which is free to use, and others.
What is the opposite of economic choice?
non-economic choice
Is their any non-livable areas are their on antarctica?
Antarctica is essentially a continent covered by non-livable areas. It's too cold to support life and there is no food chain.
Economic and non economic want?
An economic want is like America wants gas prices to be lower, a non economic want would be wanting milk prices to be lower.
Is family picnic an economic activity?
no its non economic activity.
Why are there no marsupials in Antarctica?
because non came from other contreies
