January 26, 2011

Is the Arctic Oil Boom Over-Hyped?

Christoph Seidler, Der Spiegel

AP Photo

International oil companies are racing to develop new oilfields in the Arctic. But developing the vast reserves could be far more expensive than first thought, according to new calculations by US geologists obtained by SPIEGEL ONLINE.

Read Full Article ››

TAGGED: Arctic, oil

RECOMMENDED ARTICLES

May 17, 2012
The Future of Oil
International Monetary Fund
We discuss and reconcile two diametrically opposed views concerning the future of world oil production and prices. The geological view expects that physical constraints will dominate the future evolution of oil output and prices.... more ››
May 11, 2012
The Coming Arms Race for Oil in the Arctic
Bob Reiss, Fortune
The race for oil in the Arctic is on. As the polar ice cap retreats, energy companies are looking north for a potentially huge new source of crude supply. In April, Exxon Mobil (XOM) and Russian oil giant Rosneft announced a... more ››
May 10, 2012
Canada Could Doom Global Civilization
James Hansen, New York Times
GLOBAL warming isn’t a prediction. It is happening. That is why I was so troubled to read a recent interview with President Obama in Rolling Stone in which he said that Canada would exploit the oil in its vast tar sands... more ››