Global Warming Benifiting Oil Industry?

Yup, you heard right, the one thing that may be destroying our environment, may indeed be sustaining our future. Global warming is allowing gas and oil companies to look further north for prospects, without having to use ice breakers.
Sea ice formerly blocked off the passage for 11 months of the year, but now that temperatures are rising, it's making the ice free season longer then ever.
According to the US Navy, the Northwest Passage can be available as a viable shipping route in as little as a few years!
The Arctic is warming twice as fast as the rest of the planet, it could rice by 7 to 12.5 degrees by the end of the century, making the Arctic Ocean ice free in summer by 2060!
" Since the U.S. Geological Survey announced that a quarter of the world's undiscovered oil and gas reserves are under the Arctic Ocean, companies are scrambling to stake claims. BP has an Alaskan offshore oil deposit called Northstar, and Statoil is developing the Snow White gas field in the frozen Barents Sea that is expected to generate $60 billion worth of LNG over the next 30 years. And Gazprom is expected to announce joint plans to drill up to 120 wells in the Shtokman field, 10 times the size of Snow White."

This could mean a well sustained oil supply for a lot longer than expected and also " "Knowing about the energy resources might be very interesting because there is the potential of development in the Arctic," she said. "That's not for us to decide, but it is the reality" (David Adam, London Guardian, April 18)."
The Arctic may become a new place to live!