Originally posted by Ouizel
The pessimists are saying that we've already passed the peak, in which case, disaster is imminant.
Isn´t there a lot of oil in Alaska just waiting to get picked up?
They are still finding new oil-reservoirs in the northern sea every now and then...
Maybe they´ll find a lot of oil in Antarctica one day?
BLACK GOLD IN A WHITE WILDERNESS
But the problem is: Who "owns" Antarctica?
Norway is supposed to "own" a bit of Antarctica but the US and most other states do not recognize the territorial claims of other states
Possible future conflict zone?
CIA Factbook 2004 - Antarctica
"Antarctic Treaty freezes claims (see Antarctic Treaty Summary in Government type entry); sections (some overlapping) claimed by Argentina,
Australia, Chile, France, NZ, Norway, and UK; the US and most other states do not recognize the territorial claims of other states and have made no
claims themselves (the US and Russia reserve the right to do so); no claims have been made in the sector between 90 degrees west and 150 degrees west;
several states with land claims in Antarctica have expressed their intention to submit data to the UN Commission on the Limits of the Continental
Shelf to extend their continental shelf claims to adjoining undersea ridges"