Arctic Ocean

Arctic Ocean Methane Gas Release Has Been Occurring for Thousands of Years

News Analysis:  Arctic Ocean Methane Gas Release Has been Occurring For Thousands Of Years as a Natural Process; Not Directly Dependent on Industrialization. Severe Storms which help melt the Underwater Permafrost contribute substantially to this System. Warmer waters also help release Permafrost contained Sediments with Methane. Being a powerful “Greenhouse Gas”, Methane is often the “Poster Boy” of those people seeking ‘Severe’ Industrialization Limits.

The more that Unbiased Scientific Research is performed on Methane Release, perhaps an enlightened Public will reduce their rhetoric. They may then seek Reasonable Regulations on that portion of Methane Release provably caused by Industrialization.

Reference: http://siberiantimes.com/science/casestudy/news/bubble-trouble-for-east-siberian-arctic-shelf/

Russian Atomic Ice Breaker will be World’s Largest

News Analysis: Russian Atomic Icebreaker is currently being constructed in St. Petersburg at Baltiysky Shipyard. The mammoth 173 meters [567 feet] by 34 meters [111 feet] beam will have Sixty Mega-Watts of Power. This Craft will be able to easily traverse the Arctic Ocean under any currently anticipated conditions as designed.

The investment, of over One Billion Euros, by Atomflot shows good Financial Judgement  as it relates to the Economic Future of Marine Traffic in the Arctic Ocean. One can hope other Arctic Abutting Countries have the prescience to build similar vessels so Maritime Craft can quickly, and safely cross the inhospitable Arctic Environment. Trans-Arctic Shipments save days at sea.

Reference: http://tinyurl.com/lco8src

World’s Petrochemical Deposits at End of 2012: Oil Surges, Natural Gas Soars!

News Analysis:  Estimated OIL Surges To 1,668,900,000,000 Barrels; Proven NATURAL GAS soars to approximately 187,000,000,000,000 Cubic Meters!

For the Oil Industry, Per Barrel [Cubic Meter] Costs of Production for ON-LAND Projects, should diminish minimally due to production efficiencies as well as more voluminous equipment purchases at slightly lowers costs.  OCEAN BORNE Projects may be expected to  have incrementally greater costs. This is due to Exploration Drilling and Petrochemical extraction in deeper waters. In waters such as the Arctic Ocean, the severely cold weather will have to be dealt with [at increased costs].

The very increasing discovery and production of oil and natural gas bodes marginally well for Consumers. The increases in supply are greater than those in demand [as judged by World Population Birth Increases]. However, the costs to be borne by the Petrochemical Companies will be passed on to Consumers for the viability of further exploration and production.

The good news for Middle East Nations is that there are yet many decades of oil to be produced in their respective countries. As new technologies are developed for the extraction of oil from mature fields, in the Gulf Countries,  they can expect continued prosperity. New oil discoveries, particularly off-shore, should bode well for them also.

Reference: http://tinyurl.com/ka3xnby