Arctic melt opens door for big oil's next boom

[Headliner]

Shell oil spent $4.5B securing offshore leases over newly-ice-free oil deposits; Locals fear being trampled in the rush<div class=feedflare>
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[DrLeftover]

The agency that tracks polar ice reported Tuesday that winter coverage of sea ice in Antarctica has set a 33-year high. The ice hit its maximum extent on Sept. 26, at the peak of Antarctic winter, when it covered 7.5 million square miles of the Southern Ocean. That’s a half-percent increase over the previous record, set in 2006.

http://green.blogs.nytimes.com/2012/10/03/running-the-numbers-on-antarctic-sea-ice/

 

[Evil Eye]

Well something must've melted... Shell doesn't earn its money by not finding oil.

 

[DrLeftover]

sea ice in Antarctica has set a 33-year high

 

[Evil Eye]

Yes, but I refuse to believe Shell would spend $4.5B if they didn't think there was something to gain...