16 November 2004

Arctic thaw could open vast oil and gas region

Reuters AlertNet - I was hoping to get some idea of how much oil and gas this would open up ince it would make some difference to price and therefore the marginal utitlity of extraction ... no sign here, though the official oil company response seems to be cautious; wait and see what the actual conditions are; worried about the effects of ice bergs. And how did is the arctic ocean anyway?
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