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Is Arctic oil an answer to the global energy crisis?
Made Popular Jul 24 2008
A new study suggests that 90 billion barrels of recoverable oil and 1,670 trillion cubic feet (Tcf) of natural gas lies undiscovered underneath the sea ice of North America. The U.S. Geological Survey forecasts that the untapped energy source can meet the current world demand for three years. Arctic oil is now more accessible owing to melting of ice. However, it still can’t replace the overall world supply. Energy producers have accelerated the exploration in the region and expect to discover far more oil than what is estimated until date.
RSS 
Sunit
Jul 24 2008
kolkata,
India
Not really when it involves serious geo-political issues. Even if there is enough oil to secure this world, there is a growing chance that the Arctic countries would fight for the control of the riches beneath the seas. Everybody is aware of Russian ventures in the Arctic recently. Countries nowadays care for their own domination rather that the good of the world’s citizens. The Arctic rich could stoke a new war between the superpowers, forget solving the energy crisis.
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(Global Perspectives)
It’s not. Because Arctic oil and energy sources is not the permanent solution of the energy crises prevalent all over the world.
In case the Arctic sources will be used that will be benefiting only a few and far from solving the energy crises of the whole world.
Looking for the more sustainable sources of the energy than fighting for the sources on no man’s land (Arctic) makes more sense in a world which is already on the brink of vital conflict.
In case the Arctic sources will be used that will be benefiting only a few and far from solving the energy crises of the whole world.
Looking for the more sustainable sources of the energy than fighting for the sources on no man’s land (Arctic) makes more sense in a world which is already on the brink of vital conflict.
(Global Perspectives)
This is an absurd assumption. You dig up and pollute the arctic region and you will suffer even worse kind of repercussions. Besides, there is no energy crisis. There is enough oil around to quench the thirst of every nation. The rising oil prises is because of speculators and politics.
(Global Perspectives)
And who shall control the arctic oilfields? Russia has already claimed it. The USA is also after it along with some European countries. Even Japan can lay a claim. Will this be prelude to another bout of tensions between countries?
(Global Perspectives)
Maybe. It is better to utilize something that has the potential to bring down price rise all across the world, most critical of them food prices down. It must be done with some caution as we cannot afford any environmental disasters. The world is already wounded near-fatally.
(Global Perspectives)
Get the bugs out of the arctic region. Fossil fuel is unsustainable and we all know it. Why the hell the world is hell bent upon polluting the world even further. This is a very irresponsible way to think to solve global energy crisis.
(Global Perspectives)
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