WSJ "Shell officials appeared resigned to the decision. They acknowledge that Mr. Obama can't halt oil production in the Gulf of Mexico, which is crucial to U.S. energy security. But he can stop oil companies drilling in virgin areas if they haven't started yet. But the decision will be hugely frustrating for the Anglo-Dutch major, which won a slew of legal challenges from environmental groups. It has already started moving equipment up to staging areas in Alaska, ready to commence drilling in July."
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