Arctic's Resources

I've noticed lately that our liberal press likes to label great energy finds with low-ball numbers.  Take this story about the oil and natural gas found in the arctic.  It's entitled "Arctic's oil could meet world demand for 3 years."

Another case of confusing you with the facts.  Sure, if the arctic area in question was the sole source of oil, it would supply the world for only 3 years.  But how much of it would really be leaving North America?  One would have to read further into the story to see this:

But the Arctic's oil is not intended to replace all the supplies in the rest of world. It would last much longer by boosting available supplies and possibly reducing U.S. reliance on imported crude in the future, if America developed the resources.

The Arctic accounts for about 13 percent of the world's undiscovered oil, 30 percent of the undiscovered natural gas and 20 percent of the undiscovered natural gas liquids, the agency said in the first publicly available petroleum resource estimate of the entire area north of the Arctic Circle.

More than half of the undiscovered oil resources are estimated to occur in just three geologic provinces: Arctic Alaska (30 billion barrels), the Amerasia Basin (9.7 billion barrels) and the East Greenland Rift Basins (8.9 billion barrels).

More than 70 percent of the undiscovered natural gas is likely to be in three provinces: the West Siberian Basin (651 Tcf), the East Barents Basins (318 Tcf) and Arctic Alaska (221 Tcf), the USGS said.

Some of these areas are North American natural resources.  By using these vast resources ourselves, we can actually replace the oil and natural gas being shipped in from overseas.  We'd be getting back to depending on ourselves.

Nothing like self-reliance for getting ourselves back on our own economic feet.

-Colonel Steve