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Home > Waco Breaking News > Archives > 2008 > July > 24 > Entry

Vast oil and gas resources thought to be in Arctic Circle

By Nathan Wade -- pending replacement | Thursday, July 24, 2008, 09:23 AM

Some 90 billion barrels of oil and nearly a third of the world’s undiscovered natural gas remain untapped under an area north of the Arctic Circle, government scientists estimate, in the largest-ever survey of the area’s energy potential.

The area accounts for about a fifth of the world’s undiscovered, technically recoverable oil and natural gas reserves, the U.S. Geological Survey reported.

For more on the study, check out the Associated Press story.

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