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Geologists Find 90 Billion New Barrels of Oil in Arctic

 
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PostPosted: Sun Jul 27, 2008 6:52 am    Post subject: Geologists Find 90 Billion New Barrels of Oil in Arctic Reply with quote
>
The
Arctic may hold far more oil than previously thought - as much as 90 billion
undiscovered barrels according to a new study released today by the US
Geological Survey. The new amount, equivalent to nearly 20 years of US foreign
oil imports, is worth over $11 trillion dollars at current oil prices. One third
of th...read more
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