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 Today's Anarcho-Capitalist Good News: Arctic Riches Lure Explorers

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Today's Anarcho-Capitalist Good News: Arctic Riches Lure Explorers Vide
PostSubject: Today's Anarcho-Capitalist Good News: Arctic Riches Lure Explorers    Today's Anarcho-Capitalist Good News: Arctic Riches Lure Explorers Icon_minitimeThu Sep 01, 2011 11:15 pm
Exxon Mobil Corp.'s blockbuster $2.2 billion deal to drill for oil in the frigid waters north of Russia with OAO Rosneft is the latest sign of the energy industry's white-hot interest in exploring above the Arctic Circle.

The region encompasses about 12 million square miles—just 6% of the earth's land mass. But it is estimated to contain the oil and natural-gas equivalent of 412 billion barrels of oil, about 22% of the world's undiscovered oil and gas.

More recently, thinning ice has made it easier to work in some parts of the Arctic. And the persistently high price of oil, ...

http://online.wsj.com/article/SB10001424053111903895904576542613901928264.html?mod=WSJASIA_hpp_LEFTTopWhatNews
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Today's Anarcho-Capitalist Good News: Arctic Riches Lure Explorers

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