Rushing for the Arctic's Riches:

Rushing for the Arctic's Riches:

WHILE many existing oil and gas reserves in other parts of the world are facing steep decline, the Arctic is thought to possess vast untapped reservoirs. Approximately 13 percent of the world's undiscovered oil deposits and 30 percent of its natural gas reserves are above the Arctic Circle, according to the United States Geological Survey.

http://www.nytimes.com/2013/12/08/opinion/sunday/rushing-for-the-arctics-riches.html?_r=0