Good News for Oil/Gas Drillers!

Reuters: Global Warming Exposes Arctic to Oil, Gas Drilling

Rising global temperatures will melt areas of the Arctic this century, making them more accessible for oil and natural gas drilling, a report prepared by the United States and seven other nations said on Monday.

It predicts that over the next 100 years, global warming could increase Arctic annual average temperatures 5 to 9 degrees Fahrenheit over land and by up to 13 degrees over water. Warmer temperatures could raise global sea levels by as much as 3 feet.

Such a change would threaten coastal cities, change growing patterns for vegetation and destroy habitats for some wildlife, but an energy-starved world would have new areas for oil and gas exploration, according to the Arctic Climate Impact Assessment report.