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Posted Thu Sep 1 2011: from New York Times: Exxon Reaches Arctic Oil Deal With Russians http://apocadocs.com/s.pl?1314840012 MOSCOW -- Exxon Mobil won a coveted prize in the global petroleum industry Tuesday with an agreement to explore for oil in a Russian portion of the Arctic Ocean that is being opened for drilling even as Alaskan waters remain mostly off limits. The agreement seemed to supersede a similar but failed deal that Russia's state oil company, Rosneft, reached with the British oil giant BP this year -- with a few striking differences. Where BP had planned to swap stock, Exxon, which is based in Texas, agreed to give Rosneft assets elsewhere in the world, including some that Exxon owns in the deepwater zones of the Gulf of Mexico and on land in Texas. [Read more stories about: arctic meltdown, capitalist greed, holyshit, habitat loss, oil issues] New!: No reader quips yet -- be the first! Got a PaniQuip? Your Quip (limit 140 characters, no links, just wit): First name: The text shown in the Web image to the right: We reserve the right to reuse, remove, or refuse any entry.

'Doc Michael says: Folks, these are your Oil Overlords. NEXT> More stories: Newly Discovered Hawaiian Bird Could Already Be Extinct Firing laser beams into the sky could make it rain, say scientists (Exxon Reaches Arctic Oil Deal With Russians) USC study tackles pesticide-prostate cancer link Federal agency lifts Alaska scientist's suspension Want to explore more? Try the PaniCloud!

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