The Great Arctic Oil Race Begins

The Great Arctic Oil Race Begins

from RealClearReligion - Homepage by Quirin Schiermeier, Nature Magazine

Quirin Schiermeier, Nature Magazine
The race is on for positions in the new oil provinces. That starting-gun quote was fired last week by Tim Dodson, executive vice-president of the Norwegian oil and gas company Statoil. The new oil provinces are in the Arctic, which brims with untapped resources amounting to 90 billion barrels of oil, up to 50 trillion cubic metres of natural gas and 44 billion barrels of natural gas liquids, according to a 2008 estimate by the US Geological Survey. .