Monday, July 28, 2008
The madness of humans
Ninety billion barrels of oil revealed in fragile Arctic
The future of the Arctic will be less white wilderness, more black gold, a 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. 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 47 trillion cu m of gas, which is equal to about a third of the world's known gas reserves.
Don’t you love this? Forget the Arctic is about to be ice free and the massive ramifications that body of open water will cause in terms of absorbing heat and turbo charging the planet closer to tipping points, these morons are squabbling who can get the oil out when the amount there would only feed the planets addiction for three years. If this is the debate, we deserve our fate.