The Arctic Circle holds an estimated 90 billion barrels of recoverable oil, enough supply to meet current world demand for almost three years, says the U.S. Geological Survey forecast. 

The forecast comes as Russia is competing with Canada, Denmark, Norway and the United States to grab a chunk of the huge energy resources in the Arctic, an area growing more accessible due to global warming melting the ice.

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503 hits 4.0 (1 vote) Share Favorite | Flag 13 years ago by KikiPeepers

Should we tap into the Arctic to get more oil?
The Arctic Circle holds an estimated 90 billion barrels of recoverable oil, enough supply to meet current world demand for almost three years, says the U.S. Geological Survey forecast.

The forecast comes as Russia is competing with Canada, Denmark, Norway and the United States to grab a chunk of the huge energy resources in the Arctic, an area growing more accessible due to global warming melting the ice.

http://www.postchronicle.com/news/b...


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13 yrs ago, 9 mos ago - Thursday 7/24/08 - 6:44:55 AM EST (GMT-5)
if ti doesnt get any more ice melting down or any threats of avalanches and things like that that would ultimately speed up the global warming process then yes why not. But if it will eventually effect the eco system in a negative way faster than usual... then i'd say no!
13 yrs ago, 9 mos ago - Thursday 7/24/08 - 10:41:46 AM EST (GMT-5)
I don't see the science of this. How did oil get up there? From back in the mesojurasopaleozodiac era when the arctic was thriving with life? How does this even make sense?
13 yrs ago, 9 mos ago - Thursday 7/24/08 - 3:54:19 PM EST (GMT-5)
the answer for the world's impending energy crisis is not to find new places to drill for oil, but to do research and development and find/discover alternative, ecologically/environmentally clean, and renewable forms of energy and kick our oil dependency. the "First World" countries are like "crack whores" when it comes to oil. we need to move away from oil to other forms of energy.
13 yrs ago, 9 mos ago - Thursday 7/24/08 - 3:55:43 PM EST (GMT-5)
On Thursday 7/24/08 - 3:54:19 PM Kurgan wrote:
the answer for the world's impending energy crisis is not to find new places to drill for oil, but to do research and development and find/discover alternative, ecologically/environmentally clean, and renewable forms of energy and kick our oil dependency. the "First World" countries are like "crack whores" when it comes to oil. we need to move away from oil to other forms of energy.


We probably need to do both. We can't ignore the reality of today while we research the fuel for tomorrow...
13 yrs ago, 9 mos ago - Thursday 7/24/08 - 4:07:54 PM EST (GMT-5)
On the one hand all that energy would be nice. But on the other, the arctic is really pretty and I don't want them drating that up.
13 yrs ago, 9 mos ago - Thursday 7/24/08 - 11:19:39 PM EST (GMT-5)
Yeah, let's drat with the Arctic to get three more years of oil!
No, not at all. We shouldn't.
13 yrs ago, 9 mos ago - Friday 7/25/08 - 2:58:42 AM EST (GMT-5)
On Thursday 7/24/08 - 6:44:55 AM ouiji wrote:
if ti doesnt get any more ice melting down or any threats of avalanches and things like that that would ultimately speed up the global warming process then yes why not. But if it will eventually effect the eco system in a negative way faster than usual... then i'd say no!

13 yrs ago, 9 mos ago - Friday 7/25/08 - 9:33:47 AM EST (GMT-5)
On Thursday 7/24/08 - 11:19:39 PM lossof_life wrote:
Yeah, let's drat with the Arctic to get three more years of oil! No, not at all. We shouldn't.


That's 3 years of oil for the entire world- - probably enough to keep the US going for 15-30 years. Perhaps even longer if we start to shift toward other energy sources...

13 yrs ago, 9 mos ago - Monday 7/28/08 - 1:03:44 PM EST (GMT-5)
Yes, cowdung, I think the greedy oil companies should help out and stop taking in such massive profits at the expense of the public! everyone is hurting from the price of petrol and the oil companies don't care. they're so damned greedy and don't care about anything but the "bottom line". they need to be a part of the solution, not a part of the problem.
and i think there already exists alternative, environmentally-friendly sources of fuel in research and development. they may not be as efficient as oil, but they're there and extra r&d might make them as efficient. but as long as there's oil to be found and drilled for, the damned oil companies will just keep doing that until it's all gone, not very environmentally frioendly, nor very progressive thinking. we only have another 25 years of oil... we need to start getting away from oil and onto alternative fuels.
13 yrs ago, 9 mos ago - Monday 7/28/08 - 1:20:39 PM EST (GMT-5)
Oil companies are making the same profit margins as they have been...

Their part of the solution is finding new ways to get oil out of the ground and make it into gasoline and other usable products...

We shouldn't be blaming the oil companies for our lack of initiative to invent alternative fuel sources or our reluctance to embrace proven energy sources like nuclear power...
13 yrs ago, 9 mos ago - Monday 7/28/08 - 1:44:50 PM EST (GMT-5)
well, cowdung, i think you are completely and utterly in the wrong.
the greedy oil companies should cut back on their profit margins. making a profit is perfectly fine, but when they're making massive profits and hurting everyone in the process, then that is wrong and immoral.
and their part is not finding new places to drill for oil. that is a short-sighted and dim-witted approach to the impending energy crisis.
and it is, in deed, their responsibility to find new, alternative, environmentally-friendly energy. it is the morally right thing to do and and has business sense. if they don't find alternative energy sources, and there is only 25 years left of oil (God willing), once it is completely gone, they will go bankrupt. but if they find alternative fuels, they'll be able to make the jump from selling oil to selling the other fuels.
13 yrs ago, 9 mos ago - Monday 7/28/08 - 1:46:05 PM EST (GMT-5)
and nuclear power is not the answer either because it leaves behind dangerous radioactive waste that takes thousands of years to be rendered safe.
13 yrs ago, 9 mos ago - Monday 7/28/08 - 1:59:37 PM EST (GMT-5)
Those massive profits aren't because of the oil companies though. The market sets the oil prices- - if speculators are driving up the futures prices, the oil companies can't really do anything about it. They also can't keep adjusting their profit margins up and down on a daily basis- - that's just a stupid way to run a business.

If an oil company chooses to not research alternative fuels, it probably is a poor decision- - that's why most oil companies are researching alternatives...

Nuclear power would make a fine alternative to oil until something better comes along. Nuclear waste (most of which comes from weapons manufacturing) seems happy enough under the Yucca Mountains...



13 yrs ago, 9 mos ago - Monday 7/28/08 - 10:33:27 PM EST (GMT-5)
13 yrs ago, 9 mos ago - Tuesday 7/29/08 - 9:14:03 AM EST (GMT-5)
On Monday 7/28/08 - 10:33:27 PM KikiPeepers wrote:
Bush II: [link]


I guess that makes Dick Durbin Bush III?

http://www.reuters.com/article/poli...
13 yrs ago, 9 mos ago - Tuesday 7/29/08 - 9:51:53 AM EST (GMT-5)
Sounds like it from that article
13 yrs ago, 9 mos ago - Tuesday 7/29/08 - 10:01:59 AM EST (GMT-5)
So everyone that favors more oil exploration is a Bush clone?
13 yrs ago, 9 mos ago - Tuesday 7/29/08 - 10:12:22 AM EST (GMT-5)
Everyone that wants to spend resources damaging the environment instead of spending the same resources on the plethora of oil-free options we have right now is a Bush clone, imo.

F*ck oil. Leave it where it is, leave the pristine Arctic alone. We don't need to go ripping it up so Bubba can drive his F350 and the Johnsons can drive their Land Rovers cheaply. There are too many other options these days to continue this failing oil quest.
13 yrs ago, 9 mos ago - Tuesday 7/29/08 - 11:21:23 AM EST (GMT-5)
Yes, but only if we run each drill bit right through a polar bear. That creates a good seal and prevents spillage, which is important, you know, to appease environmentalists.
13 yrs ago, 9 mos ago - Tuesday 7/29/08 - 11:25:57 AM EST (GMT-5)
Ah of course the real secret is who wants to keep gas prices up (not very hard to tell).
13 yrs ago, 9 mos ago - Tuesday 7/29/08 - 11:29:42 AM EST (GMT-5)
We also have too many vehicles that still use gasoline to be abandoning oil exploration completely. Even your Toyota Pius needs gas...

If the Alaskans don't have a problem with "ripping up the arctic", then perhaps the effects of oil exploration there aren't as severe as some people make them out to be. It's the same thing with the offshore drilling- - many other countries drill through the ocean floor for oil. It's a lot better environmentally to drill off our shores than to transport oil halfway around the world in a tanker...


13 yrs ago, 7 mos ago - Thursday 10/16/08 - 7:56:27 PM EST (GMT-5)
Yeah. But let's not forget about developing new energy.



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