The News-Press | Oil companies put Arctic projects into deep freeze Financial Times In spite of objections from environmental campaigners, the Arctic has long been heralded as the next big frontier for “Big Oil”. A US geological study in 2008 estimated it held about 13 per cent of the world's undiscovered oil — some 412bn barrels of ... House Democrat tries to turn routine ANWR drilling resolution into oil tax ... Despite the risks, US still needs its oil |