Russia’s Arctic rush a potential gravy train; Economic considerations have so far failed to stop the push for state-run oil and gas corporations to go north
(Moscow News – themoscownews.com – Alexey Eremenko – October 29, 2012) It is cheaper to send a rocket into space than to drill a single oil well in the Arctic Sea. One Proton rocket launch costs from $80 million to $100 million, while offshore oil wells in the Arctic come in at $100 million to $150 million apiece and […]
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