Shell trying to convince President Barack Obama to let it drill for oil in Alaskan waters

Shell Oil will present its ambitious oil-drilling proposal to the U.S. government, seeking permission to drill ten exploratory oil wells in Alaskan waters. The ice-clogged Arctic region is thought to have vast oil reserves.

Over the past five years, Shell has worked to convince regulators and environmentalists that it could safely manage drilling in Alaskan waters. However, the Deepwater Horizon catastrophe hampered Shell's plans. Shell's proposal will be a test for President Obama. Environmental groups claim that a spill in Arctic waters could be more devastating than the Deepwater Horizon incident.

Source: Autoblog Green