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Profiteering from the Arctic Thaw
Spielel ^ | 3/10/06 | Erich Wiedemann

Posted on 03/11/2006 6:25:17 PM PST by mathprof

Global warming isn't necessarily the catastrophe it's made out to be -- at least not for multinational oil companies. Shrinking ice caps would reveal the Arctic's Imassive energy sources and shorten tanker routes by thousands of miles.

Ice-cap melting may be bad news for the polar bears in Manitoba, Canada, but it is great news for Pat Broe of Denver. When the ice melts in the Arctic, the polar predators have to search for new hunting grounds or starve -- but Broe doesn't mind. He figures global warming will make him around $100 million a year.

His friends laughed at him when he bought the run-down port in Churchill -- a tiny outpost of a thousand souls on the Hudson Bay. What could he possibly want with a harbor in one of the most deserted places on the planet that's frozen over a big chunk of the year?

Via Arctic waterways, an oil tanker only needs a week to make it from the Russian port city Murmansk on the Barents Sea to the east coast of Canada. That's only half the time it takes from Abu Dhabi on the Persian Gulf to Galveston, Texas. And from Churchill to Chicago on the Hudson Bay Railway, it's not much further than from Texas to the Windy City. Tankers from Venezuela to Japan can even save some 12,000 kilometers (7,500 miles) by traveling over the pole.

(Excerpt) Read more at service.spiegel.de ...


TOPICS: Culture/Society; Foreign Affairs; Germany; Government; Miscellaneous; News/Current Events
KEYWORDS: globalwarming; oil; petroleum; shipping; traderoutes
I sure hope Global Warming helps Halliburton. I'm a proud shareholder!

 The normal habitat of polar bears continues to shrink.

1 posted on 03/11/2006 6:25:20 PM PST by mathprof
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To: mathprof
Wish I thought of it...

 

2 posted on 03/11/2006 6:35:32 PM PST by Incorrigible (If I lead, follow me; If I pause, push me; If I retreat, kill me.)
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To: mathprof
It has been shown the Arctic ice is not melting, rather the climate is getting dryer. Actual temperatures are cooler.
4 posted on 03/11/2006 7:30:08 PM PST by Freep EE
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To: Freep EE

Does that mean he'll profit from dry ice?


5 posted on 03/11/2006 7:34:59 PM PST by MAD-AS-HELL (Put a mirror to the face of the republican party and all you'll see is a Donkey.)
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To: MAD-AS-HELL

He will be able to sell ice cubes to Eskimos.


6 posted on 03/11/2006 7:45:59 PM PST by DannyTN
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To: mathprof

I'll give the Polar bear pelts a home any day.


8 posted on 03/11/2006 8:50:01 PM PST by GladesGuru (In a society predicated upon Liberty, it is essential to examine principle)
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To: mathprof

Great pic.Mom to photographer,"back off!!"


9 posted on 03/12/2006 7:47:22 AM PST by Thombo2
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To: mathprof

Whats in other news? Exploding sun helps lightbulb producers?


10 posted on 03/12/2006 10:41:41 PM PST by Schweinhund
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To: mathprof

I think he forgot a minor detail that all these global warming nutjobs tout, that the sea level will rise umpteen feet as the caps melt. His $7 investment is going underwater--assuming it goes anywhere at all.

If all the scientific evidence for global warming was typed in 12 point font on 8 1/2 by 11 paper, and stacked up in one pile, it wouldn't stand high enough to steady a wobbly table. If all the scientific evidence for global warming was printed in 12 point font on 1 inch chips of confetti, you could dump it on Times Square out of a single window with a single dump of a wastebasket. If all the scientific evidence for global warming was run on a tv network at about the same size and speed as the average movie credit, Herve Villachaize would still be a bigger screen presence. If all the scientific evidence for global warming was read on the radio, Right Said Fred would still get more airtime the same day.


11 posted on 03/13/2006 6:28:32 PM PST by LibertarianInExile (Freedom isn't free--no, there's a hefty f'in fee--and if you don't throw in your buck-o-5, who will?)
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