According to a study released today by the United States Geological Survey, a fifth of world oil and natural gas reserves may be located under the Arctic.

This would represent 90 billion barrels of oil and a lot of natural gas. As you can imagine, countries of this region - The United States, Canada and Russia - are willing to tap this real treasury.

But, wouldn’t burning all this oil spells disaster and certain doom to all of us ? This is a question I have been meaning to ask today. Continue reading »