Mapping the world’s oil Top of the world, ma (Image: Ken Graham/Getty)
DRILLING for oil kicked off in Greenland’s Arctic waters last week – just weeks after the Deepwater Horizon leak was finally plugged – angering environmental groups. Cairn Energy, based in Edinburgh, UK, is the first company to explore Greenland’s waters for oil. It won’t be the last.
Interest in the Arctic – which holds 13 per cent of the world’s remaining oil and 30 per cent of its gas – is booming, driven by the rising price of oil and a shortage of other places for multinational companies to drill.
The Deepwater…
