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90 billion newly discovered barrels of oil in the Arctic.
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Agent Ghost

  • Total Posts : 5486
  • Joined: Aug 09, 2006
90 billion newly discovered barrels of oil in the Arctic. - Jul 25, 2008 04:45
[id=tmppasteie1216957231450]Worth 11 trillion with current oil prices, prices are expected to increase still.

http://www.dailytech.com/Geologists+Find+90+Billion+New+Barrels+of+Oil+in+Arctic/article12481.htm
Seven other nations have claims for the area, including Norway, Sweden, Canada, and the U.S.  Earlier this month, Canadian Prime Minister Stephen Harper said the nation intends to "defend" its sovereignty in the Arctic, backing up the statement with a plan to divert 8 military patrol ships to the region, along with a new deep-water port.

To put that into perspective
http://en.wikipedia.org/wiki/Oil_reserves





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