Staking the Ice
America’s Arctic Obligations
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  • TommyTwo

    “Securing the funds to expand America’s Arctic fleet won’t be easy—each one costs more than $75 million”

    75 million dollars each?! Dear God, that’s 50% more than French oil behemoth Total’s entire investment in British shale!

    🙂

    • Andrew Allison

      “Oil giant Total invests in fracking exploration in the UK, by taking a share in a licence in the Midlands currently operated by a US firm.” ;<)}

    • Kavanna

      Mon Dieu.

  • Andrew Allison

    Correction: The (apparently mistaken) belief in melting polar ice is thrusting the Arctic Circle into the geopolitical limelight. The obvious solution is to extend the 200 mile line to, say, 500 miles and argue about the overlap.

  • Jacksonian_Libertarian

    “Melting polar ice”

    Deluded Warmist, there was more arctic ice at summer’s high this year than last year, and this year was the sun’s 11 year cycle peak, so the next 5 years will see less radiation and cooler temperatures and even more year around ice. In addition the technology to develop oil in such cold conditions, and then ship it to market through the ice, is uneconomical in the face of US fracking development at $40 per barrel and falling. Even the Russians can see that developing their own oil shale first, is much cheaper than any arctic development that will likely fail.

    • Kavanna

      Thanks for beating me to it. I feel much better now.

  • Boritz

    We’re drilling in ANWR? Bout damn time.

  • Skoptic

    What melting polar ice?

  • Skoptic

    Horizontal drilling and fracking is opening up far more resources in conventional oil fields, and at cheaper cost than expensive polar exploration and production. In Western Canada producers are now fracking the “halo” or fringe of certain formations, like the Cardium or Viking, and producing from payzones less than two meters thick, but extending over 1200 meters horizontally. It is estimated that the fringe of these formations holds up to five times the amount of hydrocarbons recovered from the thicker, previously exploited payzones. These formations are even more productive than when they were first exploited in the 1950s and 1960s. Drilling is getting cheaper and cheaper every year due to better technology and more efficient drilling methods (newer rigs, better trained crews, better drill bits, etc).

  • Icepilot

    There are 3 countries (US, UK, Russia) & 1 type of warship (nuclear submarine) that operate in the Arctic. The rest are nothing but targets.

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