Massive reserves at stake in Arctic oil claim
Randy Boswell, Edmonton Journal, 21 Mar 2008A U.S.-based company that has controversially laid claim to nearly all of the Arctic Ocean's undersea oil said Thursday that new geological data suggests a "potentially vast" petroleum resource of 400 billion barrels. ... Read full article
Even if 400 bn bbls of oil lay under the Arctic Ocean (which I doubt) it has no practical value and is irrelevant to the peak oil debate.
It won’t be exploited for several decades - if at all - for a combination of political, environmental, commercial and technological reasons.
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