- Peace Garden: Oil men are loving global warming!

Oil men are loving global warming!

Friday, July 25, 2008

Riches In The Arctic: The New Oil Race

The future of the Arctic will be less white wilderness, more black gold, a new report on oil reserves in the High North has signalled this week. The first-comprehensive assessment of oil and gas resources north of the Arctic Circle, carried out by American geologists, reveals that underneath the ice, the region may contain as much as a fifth of the world’s undiscovered yet recoverable oil and natural gas reserves.0725 04 1
This includes 90 billion barrels of oil, enough to supply the world for three years at current consumption rates, or to supply America for 12, and 1,670 trillion cubic feet (tcf) of gas, which is equal to about a third of the world’s known gas reserves.
Could this be the reason so many in the regime either deny Global warming or do nothing about it?  Does Rush have a vested interest - an oil well firm all lined up?

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