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Monday
Nov242008

Oil Shippers Could Benefit from Arctic Melt

By RENEE SCHOOF

McClatchy Newspapers

With global warming melting the Arctic's eons-old ice at an alarming rate, shipping and oil companies are looking ahead at how to exploit the new open waters.

For the past 30 years, the summer Arctic icepack has been shrinking. In 2007, the melt reached record levels. This past summer, the ice shrank to thesecond smallest area on record.

Read more...

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