Science:
Among the greatest uncertainties in future energy supply and a
subject of considerable environmental concern is the amount of
oil and gas yet to be found in the Arctic.
By using a probabilistic geology-based methodology, the
United States Geological
Survey has assessed the area north of the Arctic Circle and
concluded that about 30% of the world's undiscovered gas and
13% of the world's undiscovered oil may be found there, mostly
offshore under less than 500 meters of water.Oil resources are
probably not sufficient to substantially shift the balance of
power between oil producing countries, says the report.The USGS
study had been controversial as recommendations by scientists
to not allow drilling without a proper environmental impact
study were ignored by the previous administration,
says
a story published in the Independent last year.
By using a probabilistic geology-based methodology, the
United States Geological
Survey has assessed the area north of the Arctic Circle and
concluded that about 30% of the world's undiscovered gas and
13% of the world's undiscovered oil may be found there, mostly
offshore under less than 500 meters of water.Oil resources are
probably not sufficient to substantially shift the balance of
power between oil producing countries, says the report.The USGS
study had been controversial as recommendations by scientists
to not allow drilling without a proper environmental impact
study were ignored by the previous administration,
says
a story published in the Independent last year.
