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Arctic Oil: 400,000,000,000 Barrels (Guess How Much Money)

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A 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.

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Created by digg Created 2 years 21 weeks ago – Made popular 2 years 21 weeks ago
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Arctic Oil

rmarley 1 year 33 weeks 17 hours 30 min ago

Same thing was found off the coast of South America. The cost of extraction, despite how badly you think you are being raped at the pump, is hardly as profitable as some would have you believe.

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