Area north of the Arctic Circle has an estimated 90 billion barrels of Oil and 1,670 trillion cubic feet of Natural Gas says the US Geological Survey
Jul 24th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The area north of the Arctic Circle has an estimated 90 billion barrels of undiscovered, technically recoverable oil, 1,670 trillion cubic feet of technically recoverable natural gas, and 44 billion barrels of technically recoverable natural gas liquids in 25 geologically defined areas thought to have potential for petroleum.