Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-01-20-Speech-4-069-000"
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"en.20110120.4.4-069-000"2
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"Mr President, I, too, congratulate Michael Gahler on a well-balanced, excellent report. Despite the challenging nature of the environment in the Arctic, the rising price of oil has stimulated international interest in drilling in that zone. We all know that oil was first produced in 1968 from Prudhoe Bay on the Alaskan North Slope, but many areas of the Arctic have not yet been explored.
A 2008 US geological survey estimated that areas north of the Arctic Circle have 90 billion barrels of undiscovered oil – technically recoverable oil – and 44 billion barrels of natural gas liquids. Now this represents between 13% and 20% of all undiscovered oil in the world. Needless to say, the recovery of so much oil will have a dramatic impact on the Arctic and may cause ecological disasters on a global scale, so I think we have to ask ourselves whether it is wise to embark on such a project at a time of determined efforts to sever our dependency on fossil fuels and to aim ultimately for a CO
free society."@en1
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"2"1
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