"Barring a successful last-minute legal challenge by environmental
groups, Shell will begin drilling test wells off the coast of northern
Alaska in July, opening a new frontier in domestic oil exploration and accelerating a global rush to tap the untold resources beneath the frozen ocean.
Industry experts and national security officials view the Alaskan Arctic
as the last great domestic oil prospect, one that over time could bring
the country a giant step closer to cutting its dependence on foreign
Other oil companies are already lining up to join Shell in the Arctic,
which company executives say could eventually yield a million barrels a
day of crude — or more than 10 percent of current domestic output."
MP: Peak what?