Oil companies endorse Global Warming to support new drilling opportunities

Rising global temperatures will melt areas of the Arctic making them more accessible for oil and natural gas drilling, a report prepared by the United States and seven other nations had stipulated reported since 2004.

It predicts that over the next 100 years, global warming could increase Arctic annual average temperatures 5 to 9 degrees Fahrenheit over land and by up to 13 degrees over water. Warmer temperatures could raise global sea levels by as much as 3 feet.

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