Peak.
Oil.
Should wait till Feb.
Just like the deep gulf oil discoveries in the Gulf of Mexico, Obama will shoot it down and tie it up in regulation for the next 20 yrs.
Stupid to announce it now.
Needed for job growth in the US and Obama will do everything to stifle it.
should have waited until Obama is gone ,now he’ll make it make it an underwater park
Virtually all scientists and assorted experts predicted that we would run out of oil by 2000, so why should we believe the “settled science” that predicts what the climate will be like 100 years from now?
Nice... but they do not offer any public stock to buy.
National Wildlife Preserve...
Awful lot of dinosaurs and rain forests up there at the North Pole millions of years ago.
Hard to picture how they could have survived in all that cold an ice and oblique sunlight.
The only explanations that make any sense are bad for the forces “settled science” and “scientific consensus.”
Either (a) it was a hell of a lot warmer back then, so that tropical conditions existed even at the poles, or (b) petroleum comes from sources other than dead dinosaurs and layers of compacted rain forest. Sources such as the ones we see on Jupiter and Saturn, and on Titan, Saturn’s methane-soaked moon.
If (a), the question is “why was Earth so warm back then, and what made it cool off?” If (b), peak oil won’t happen for tens of thousands of years; long before then, we’ll have Mr. Fusions in every home, car, and hand-held device.
I know, there are other possible explanations, for example that tectonic plates have moved around so much that the part of Earth’s crust that’s currently under the Arctic region was once located at the equator; another possibility is that Earth’s axis of rotation has undergone one or more extreme shifts.
I think either of these possibilities would have seen in geophysical evidence discovered before now, but I’m not an expert in the field.
The way things are going between US and Russia, it will be the Russians that take over the oil fields and pump the oil.