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7/25/08

KCEarth Notes: Money Money Honey - by Walter Winch

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Money Money Honey - by Walter Winch

Alas, the eight-year experiment in America has turned into a disaster. The multiplying microbial organisms in the Petri dish, in this case an especially virulent free-market-cartoon-capitalism, are crawling out of the dish, and are now spreading across the globe. Can we discover an antidote in time? But I digress. The rapidly melting Arctic sea ice is raising the possibility that the region's untapped natural resources will become more readily accessible, and not just to oil and gas exploration. I'm sure I am not alone in having strong misgivings about this prospect. The five countries surrounding this region are the U.S., Russia, Norway, Canada, and Greenland (Denmark). While 90 billion barrels of oil sound like a lot, at the current rate of consumption, it would supply the world for "only" three years.

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