The reserves uncovered contain around 511 billion barrels worth of oil.
While territorial claims are and will likely be heated, what struck me is that the area is right near the Drake Passage, in the Weddell Sea (which is fundamental to the world's ocean currents AFAIU).
I don't know how oil drilling in the antarctic could affect the passage, but still, I'm not sure I would trust human oil hunger with a 10ft pole on that one.
Also interestingly, the discovery was made by Russia, which is a somewhat ominous clue about where the current "multi-polar" world and climate change are heading. Antarctica, being an actual continent that thrived with life up until only about 10-30 M yrs ago, is almost certainly full of resources.
I'd actually be curious to know if melting ice caps makes oil drilling more or less hazardous in this case.
But 100% agreed on not trusting oil companies to be mindful when doing anything there. We may also be hearing some formal declaration from the US saying the penguins have WMDs and are anti freedom in the not so distant future.
Fucking Communist penguins leaving their children to fend for themselves! Do they have polar kangaroos up there in American soil? Let's defend it! The polar kangaroos are near extinction.
US and Russia are the only countries exempt from the ban on new territorial claims under the UN Antarctic Treaty. Drilling is also banned but thanks to carbon credits, you don't need to drill to monetize oil: you just need to threaten that you will.
"You know us: we have violated international law before. You can pay us $5/ton to leave some of the oil behind on the off-chance that we do it again. New low for carbon credits!"
Well, this is how a large part of how carbon credits "work". You can pay someone to not cut down their tree, for example, and get a certificate in return. However, the demand for wood will likely just get satisfied elsewhere and there is little stopping people from selling multiple carbon credits per tree, or just including trees that would not get cut down anyway.
In the best case scenario, actual carbon gets stored so that it won't decompose (like dead trees or other biomass in oxygen, maybe even plastic someday) or burned (like coal that future people can reach); however, that's energy-intensive (hydrocarbons release energy when turned into oxides and vice versa) and difficult. Obviously, such carbon credits are expensive and they would probably cost an airline as much as fuel for your flight. Sealing an oil reservoir instead of using it, as I suggest, would be the easiest way to effectively accomplish this but oil producers don't want to miss out on the fields they operate.
Unless the "carbon neutral" option for your flight ticket is a large percentage of its price, they are probably using dubious carbon credits - in the typical case, they are like saying your crypto mining rig is zero-emission because it's next to an existing hydroelectric dam. The energy from that could have been used to offset some carbon-intensive production elsewhere (unless all your energy demand is already satisfied by clean electricity and you cannot export, like Iceland some islands).
At worst, it's a pure scam that offsets no carbon and is pushed by Big Oil to prevent buyers from considering systemic changes to their carbon-heavy operation.
Edit: Iceand indeed has an overproduction of clean energy and they use it to extract and export aluminum, which is energy-intensive. Still, as long as there are gas furnaces and combustion engines on the island, there is room for improvement. However, small tropical islands (which cannot host aluminum factories) mostly use solar panels and some storage solution, and computationally heavy tasks are a legitimate use for any excess electricity production.
I don't know man, in the US people pay insurance companies money to have access to life saving medications like insulin. So in a way we pay people so we don't die from medical neglect.... which could be considered negligent homicide depending on how you argue it.
This sort of bullshit is normalized in the US. I dont like that our country operates like the mafia, but here we are.
Gonna find a penguin wedding and drone strike it. Just for shits and giggles. (All penguins within 500ft of the impact are designated "Enemy Combatants" by default. (This totally isn't a war crime))
That's actually a real strategy by Russia. Since they have so few deep water ports for their Navy, if temperatures rise then they have new options in their far north territories.
The reserves uncovered contain around 511 billion barrels worth of oil, equating to around 10 times the North Sea's output over the last 50 years.
According to documents discussed in U.K. parliament last week, the discovery was made by Russian research ships in the Weddell Sea, which falls under the U.K.'s claim in Antarctic territory. That claim overlaps with those of Chile and Argentina.
I'm pinning my hopes on crude oil prices being much lower after the 10-20 years it would take to sort out the territorial disputes and complete construction of rigs that could pump oil in large volume. Oil will still be very valuable in 10-20 years, but i would guess it'll be much less valuable then, and hopefully the price will be low enough to make it not worth the massive outlay cost
In other news, oil tycoons have already begun making as much propaganda as possible as to why the world needs Antarctic oil for your car and why it's more environmentally friendly than any other source of fuel.
I'd say /s but I'm pretty sure they're still putting out pro oil propaganda because their lives and riches depend on destroying the planet.