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Arctic Holds 100B Barrels of Oil in Unexplored Fields
Dow Jones Newswire via Rig Zone ^ | June 30, 2008 | Dow Jones Newswires

Posted on 07/01/2008 11:23:51 AM PDT by thackney

The Arctic holds 100 billion barrels of oil in unexplored fields, a government geologist with the U.S. Geological Survey said Monday at an international oil industry gathering in Spain.

"The Arctic is almost completely unexplored," said Donald Gautier at the World Petroleum Congress in Madrid. "There are 100 billion barrels of oil to be found in the Arctic."



TOPICS: News/Current Events
KEYWORDS: arctic; drill; drillit; drillnow; energy; oil
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1 posted on 07/01/2008 11:24:01 AM PDT by thackney
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To: thackney

the underlying motivation behind much of the ‘flag-showing’ regarding the arctic by Russia, canada, and others (?) should be more obvious now.


2 posted on 07/01/2008 11:25:40 AM PDT by WoofDog123
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To: thackney

FYI: Canada and some “others” are already there seismic exploring.


3 posted on 07/01/2008 11:26:40 AM PDT by avacado
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To: thackney

Drill there, Drill now !!!!!!!


4 posted on 07/01/2008 11:27:14 AM PDT by Dustbunny (Freedom prospers when religion is vibrant and the rule of law under God is acknowledged. The Gipper)
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To: WoofDog123

Our green fascists and carbon nazis will make sure that only foreigners will get the benefit of Arctic oil.


5 posted on 07/01/2008 11:27:37 AM PDT by Argus (Obama: All turban and no goats.)
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To: thackney

Have you come across an article about the Canadians drilling in their National Park, right next to ANWR, from which they could suck Alaskan oil and sell it to us?


6 posted on 07/01/2008 11:28:59 AM PDT by Libertarianize the GOP (Make all taxes truly voluntary)
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To: Argus

the parties you mention are, imho, indirectly funded by groups with far more pragmatic interests in US energy policy. I would suspect major oil exporters (middle eastern) in some fashion support both to a significant degree.

It provides pretextual cover for policies designed to benefit the funders, and hamstrings US policy in this area.


7 posted on 07/01/2008 11:31:06 AM PDT by WoofDog123
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To: thackney

There is plenty of oil inside the Earth to last mankind 300, 400, 500 years.

We have the technology, let the free market work!


8 posted on 07/01/2008 11:31:16 AM PDT by Reagan Man ( McCain Wants My Conservative Vote in November --- EARN IT or NO DEAL !!!)
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To: Argus

Yep they want to make sure that ANWR stays “Pristine”.

It will remain virgin arctic wilderness.

Open question for them - how many tourists go to ANWR to enjoy the great outdoors? Is ANWR even set up to accomodate visitors, or is it just empty land?

Does it make the enviros feel better to think that there is a piece of land in Alaska that won’t be developed? Does anyone feel better that the vast majority of Alaska is already undeveloped, and may never be developed?


9 posted on 07/01/2008 11:31:32 AM PDT by Dilbert San Diego
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To: thackney

Drill NOW. And while we’re at it let’s build some new refineries and a few dozen nuclear plants.


10 posted on 07/01/2008 11:33:48 AM PDT by 1Old Pro
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To: Libertarianize the GOP
At least they would produce it. But the world record for horizontal reach is about 8 miles. The coastal plain region of ANWR containing the oil is much farther than that from the border.


11 posted on 07/01/2008 11:33:56 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

One reason Pelosi doesn’t want us to drill is because it may drop the price of gas to $2.00 a gallon. California Taxes by percentage, not by the gallon.


12 posted on 07/01/2008 11:34:44 AM PDT by RC2
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To: WoofDog123

I have no doubt that foreign oil money finds its way into the pockets of our finest bought and paid for politicians and environmental pressure groups to make sure US oil stays off the market.


13 posted on 07/01/2008 11:35:02 AM PDT by Argus (Obama: All turban and no goats.)
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To: Dilbert San Diego

Don’t just ask who visits ANWR. Ask who visits the barren coastal plain, the only place considered for petroleum exploration.

Much of ANWR below the Brooks Range is beautiful, but the coastal plain is a barren land.


14 posted on 07/01/2008 11:36:33 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

Thanks!


15 posted on 07/01/2008 11:37:11 AM PDT by Libertarianize the GOP (Make all taxes truly voluntary)
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To: Argus

It is really interesting to read the FEC reports for folks like Pelosi and Reid.


16 posted on 07/01/2008 11:38:20 AM PDT by Army Air Corps (Four fried chickens and a coke)
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To: thackney

But we can’t drill — Hairy Reed says it’ll make us sick.


17 posted on 07/01/2008 11:38:29 AM PDT by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
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To: RC2

Google “gull island”. The secret is getting out!


18 posted on 07/01/2008 11:39:29 AM PDT by jslade (People who are easily offended......OFFEND ME!)
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To: Argus; thackney
"Our green fascists and carbon nazis"

AKA GANG-GREEN!!!

GovernMental appointed and self annointed EnvironMental control freaks!!!

19 posted on 07/01/2008 11:42:17 AM PDT by SierraWasp (No fool like an old fool! Juan McGore, the Republican McMaverick hates the media's challenging!!!)
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To: thackney

But it wouldn’t help for ten years, so we shouldn’t go there............../s


20 posted on 07/01/2008 11:43:01 AM PDT by Red Badger (If we drill deep enough, we can reach the Saudi oil fields from THIS side..........)
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