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F6

06/01/06 1:36 AM

#40321 RE: F6 #40320

Hints of Oil Bonanzas Beneath Arctic Ocean

By ANDREW C. REVKIN
Published: June 1, 2006

The studies on Arctic sediment that appear today in the journal Nature tell a dramatic story of polar warming and cooling over millions of years. But what they tell petroleum geologists may be just as striking.

Though there is little mention of it in the papers, some scientists involved in the work said the huge amounts of organic material from dead algae and plants embedded in the ancient sedimentary layers suggested that the center of the Arctic Ocean could hold vast oil deposits.

Several of the researchers said they were reluctant to focus on that aspect of the work, saying it would be unfortunate if their climate studies prompted new oil exploration that could liberate more greenhouse gases and further warm the climate.

But one of the authors, Henk Brinkhuis of the University of Utrecht in the Netherlands, was not shy when he first pointed this out to reporters in 2004. This week, he said he remained confident that the prospect was real.

"The entire Arctic rim is already one big exploration machine," Dr. Brinkhuis said. "I was nearly crucified for talking about this by some of the more politically environmentally friendly people out there. But it's a fact."

If the oil exists, it would probably take decades to develop techniques for exploiting such midocean deposits, Dr. Brinkhuis and other scientists said.

Still, a quarter of the world's undiscovered oil and gas resources lie in the Arctic, according to the United States Geological Survey.

Oil companies are clearly interested in what may lie beneath the sea, said Kathryn Moran, a professor of ocean engineering at the University of Rhode Island who was a chief scientist on the drilling project that led to the new studies.

Dr. Moran said she recently gave a talk on the project at the University of Alaska, Fairbanks, and was invited at the last minute by BP, the giant oil company, to stop over in Anchorage to present the talk to 30 petroleum geologists.

"They've definitely taken note," Dr. Moran said.

Copyright 2006 The New York Times Company

http://www.nytimes.com/2006/06/01/science/earth/01arctic.html

hookrider

06/01/06 9:25 AM

#40322 RE: F6 #40320

F6: you really no how to hurt a guy, but thanks for the pic's of the Vidar Viking. Brings back great memories.
Never worked the VV but worked several "Drill Ships." One I loved working was the Discovery Seven Seas.

Just read your next post. They have been talking about drill on the Arctic for years. The thing about it is the "cost." Like a lot of other places the crude is there but they don't have the "tech" to go down & fine it yet.

teapeebubbles

06/02/06 6:09 PM

#40340 RE: F6 #40320

Bush Calls Operation Kill For Peace A Success....



WASHINGTON (IWR News Satire) - President Bush said today that the so-called massacres at Haditha and Ishaqi were actually part of his new Operation Kill For Peace initiative in Iraq, which Mr. Bush characterized as a success.

"We can't have America come in second or third place to al Qaeda when it comes to killing innocent Iraqi civilians, now can we," asked Bush rhetorically to a room full of ventriloquist dummies aka the Washington press corps.