Does China Have Its Eye on Antarctica’s Oil?
While the world’s eyes were intently focused on the Gulf of Mexico and its history of deepwater drilling during the past four months, many in the U.S. oil industry turned their gaze fiercely north.
But using the BP mess as a flashing cautionary sign, the Obama administration – Ken Salazar’s Department of Interior – took advantage of all the bad press and canceled a lease sale in Alaska’s Bristol Bay and four previously scheduled leases in the Chukchi and Beaufort seas (all to Shell Oil), saying no additional leases would be offered until more scientific data was collected.
Yesterday Alaska Gov. Sean Parnell’s administration filed a lawsuit against the federal government alleging the Interior Department is illegally blocking oil-and-gas drilling in federal waters off the state’s northern coast.
Which makes me wonder if some in the oil industry might be now looking south – far south, to Antarctica – for potential undersea oil riches.
To-date, few have seriously considered drilling for oil off the coast of Antarctica, for a couple simple reasons: The treaty that governs the continent says such exploration is off-limits until at least 2041 and who wants to risk floating a $1 billion-plus rig in a sea which is also home to 20-mile long floating icebergs.
(For the rest of my dispatch go to takepart.com)
At the time you visit Antarctica you will have an experience like none you’ve ever had before, regardless of how many places you’ve been. You shall not experience fine dining and exciting night life. You won�t be enjoying weather that may be milder than wherever you originate from. What you will really get is astonishing and breathtaking views, a way to see wildlife included in the natural habitat and also an opportunity to observe how you choose to do in extreme climate conditions on the ends of the earth!
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