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Politics : THE WHITE HOUSE -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (20843)	7/24/2008 12:29:17 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 25737

Re: "There 90 billion barrels of oil in the Arctic, maybe we should let the Chinese drill there and take it from us, we don't want to upset the environment..." If they sign the Law of the Seas treaty (haven't they already?) then they will be able to lay internationally recognized legal claims on resources that they may discover there --- beyond the national 'exclusive economic zones' of course, which are the sole property of the coastline nations such as US, Canada, Russia, etc. Until and unless the US signs the Treaty though... we will not be able to lay legal claims to resources we may find out beyond our Exclusive Economic Zone. Past time to get crackin' and sign --- if we want to take advantage of our technological lead and start grabbin' some of those under-sea resources!

To: GROUND ZERO™ who wrote (20843)	7/24/2008 3:37:19 PM
From: sandintoes	Read Replies (2) \| Respond to of 25737

Just how stupid are the liberal left wing nut democrats to let China use our Gulf, but we're not allowed???

To: GROUND ZERO™ who wrote (20843)	7/24/2008 5:00:04 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 25737

Interesting. (I went and read another article today about the USGS report....) They put 'about 70%' of the reserves in Russia or Alaska, (of that 70% they claimed about 2/3 for Russia and around 1/3 for Alaska)... with most of the Alaskan expected reserves either on-shore or in fairly 'close in' continental shelf waters --- many of which (continental shelf waters) have already seen a bit of a land rush the past year or so, as the federal government opened them up for exploration and eventual production. Naturally, because of the rough climate and current lack of infrastructure (available pipelines, etc.) to produce and transport any finds that may be made --- we can expect (both in Russia and in Alaskan waters) it will be a fairly LONG period of time before any of this reaches world markets (15... 20 years... perhaps). However... natural gas from the Canadian Mackenzie Delta, and nearby on-shore Alaskan regions, may be making it's way to the lower 48 sooner then any of that, as TODAY the Alaskan Legislature approved the proposal of a Canadian pipeline company (North America's largest) to build a nat. gas pipeline to access those regions. (Perhaps 12 or 15 years or so, if we are lucky....) One other take-away from the USGS report on potential Arctic hydrocarbon resources... although the reported "90 billion barrels" (note: that's 'oil equivalent barrels', not just oil... most of it is actually natural gas and associated gas liquids, not 'oil'): If every bit of that "90 billion barrels" (oil equivalent) was ALREADY EXTRACTED and now sitting in storage tanks around the world (instead of the 50 or 60 years that it might realistically take to produce...), the USGS says that would amount to 'about 3 years of global use'. And, they expect that that is also about 1/5 of the remaining yet-undiscovered petro resources around the entire globe. The news media splash these big ('billions and billions' <g>) numbers around often enough in their headlines... but they don't usually do a very good job of explaining the important details to the public.