Shell to Increase North American Output by 40 Percent at Oil Change

Shell to Increase North American Output by 40 Percent at Oil Change

BP might be America’s bette noir right now after the Deepwater Horizon spill, but its fierce rival Shell is planning a massive expansion in the region.

Shell plans to expand its operations in tar sands and in deepwater in the Gulf of Mexico.

So never mind the repeated calls by environmental groups, communities and investors to slow the tar sands production or stop deepwater exploration in light of what has happened in the Gulf of Mexico, but Shell plans to expand both.
Shell says it wants a major expansion of its North American business in order to raise its output there by a huge 40% to 1 million barrels of oil equivalent per day. This could signal an investment of $40 billion for the 2011-14 period.