Scientists have discovered that there is a large fossil fuel reserve underneath the ice of the Arctic. This massive reserve may contain up a fifth of the world's oil- 90 billion barrels, and a third of the known reserves of gas.
Yes! We are SAVED from the energy crisis!
I don't think so.
Let's skip the part about oil drilling ruining the Arctic environment. It is important, it is relevant, but it is always the same argument back and forth. Wildlife...or human desire? Environmentalists pitted against the oil executives. Sadly, usually greed for fuel wins out, and another piece of nature is marred by development.
The main issue is, as long as we depend on oil, we will always be threatened by an impending energy crisis. Discovering new reserves only changes whether or not the "doomsday" will arrive in ten years or in twenty years. All the same, our focus should be on lessening our usage of fossil fuels and concentrating on renewable energy.
Two scenarios can occur. Countries can rush to the Arctic, dig up the treasure, and a glut of oil will appear on the market. Prices will drop, consumers will go mad, oil will be used like crazy. All of our old problems will come back. Pollution, global warming, endangered species, etc., possibly worse than before. Soon, the excess oil will run out, and we will be back to square one.
Another situation: we remain calm and allow the reserves to sit there. We keep on raising fuel efficiency and conserving current reserves. We develop alternative energy. We learn how to cut back on usage (hey, a century and a half ago our ancestors did fine, right?). Our world may not ever be as healthy as it was before humans arrived, but in time it should heal.
It is easier said than done. But it is something that must be done.