Thursday, July 24, 2008

Arctic holds 90 billion barrels of oil: US

http://www.ndtvprofit.com/2008/07/24130139/Arctic-holds-90-billion-barrel.html

News excerpts from NDTV:

"The area north of the Arctic Circle has an estimated 90 billion barrels of recoverable oil, the US Geological Survey (USGS) has said.

Included in the Artic bonanza is 1,670 trillion cubic feet of natural gas and 44 billion barrels of natural gas liquids, the USGS said in a statement posted on its website.

The Arctic Circle is the name given to the region around the North Pole. It includes the Arctic Ocean, the northern parts of Europe, Asia, North America and the Russian Far East."

No wonder Russia has been making claims to all the resources in the Arctic region.

"Before we can make decisions about our future use of oil and gas and related decisions about protecting endangered species, native communities and the health of our planet, we need to know what's out there," said USGS director Mark Myers.

This is something which is very true in the current scenario. Global warming has already become a monster which is directly affecting the Arctic endangered species. The quest of energy hungry world should not cause additional irreversible damage to these ecosystem.

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