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Arctic Holds 3 Years of Oil

A fifth of world's untapped reserves may be under melting ice

By Rob Quinn,  Newser Staff

Posted Jul 24, 2008 7:24 AM CDT

(Newser) – Enough oil is believed to lie under the rapidly thawing Arctic to last the world 3 years, Reuters reports. The USGS released a forecast yesterday estimating the region has 90 billion recoverable barrels of oil and vast natural gas reserves. The agency's director said the...   Read full story »

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