Wednesday, July 25, 2007

Erosion may send Alaska oil wells into the ocean

(Reuters) - The disappearance of sea ice that shields against storm-waves, and of permafrost that holds shorelines together, is eating away at the coast of the National Petroleum Reserve-Alaska, according to a U.S. Geological Survey study.




Erosion rates have risen steeply along the coastline of the reserve -- where the administration of President George W. Bush wants to increase oil drilling -- possibly due to warmer weather, the study showed.


Read more at Reuters.com Bonds News

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