Tuesday, September 6, 2011

'Uncontrollable' natural disaster inevitable

Oil Exploration Under Arctic Ice Could Cause 'Uncontrollable' Natural Disaster
by Michael McCarthy
Published on Tuesday, September 6, 2011 by the Independent/UK

"Any serious oil spill in the ice of the Arctic, the "new frontier" for oil exploration, is likely to be an uncontrollable environmental disaster despoiling vast areas of the world's most untouched ecosystem, one of the world's leading polar scientists has told The Independent.

"...The world's oil companies are now turning to the Far North as supplies elsewhere across the globe start to run out or become harder to extract, and both the potential profits from Arctic oil, and the fears about the damage that extracting it may do, are enormous.The area north of the Arctic Circle is thought to contain as much as 160 billion barrels of oil, more than a quarter of the world's undiscovered reserves...

"However, many observers are seriously alarmed about the spill risks in the extreme conditions, especially in the wake of BP's calamitous leak at the Deepwater Horizon platform in the Gulf of Mexico last year, which could not be controlled for three months, released as much as five million barrels of crude, and came close to wrecking the company..."

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