Recent exploration of sediment deep beneath the Artic Ocean has led geologists to estimate that approximately 1/4 of the worlds untapped oil and gas reserves are located there. After evaluating the impact of the news, the U. S. may seek membership in OPEC.
President Bush, smiling and joking with King Abdullah of Saudi Arabia at a press briefing in Nome, Alaska, stated, Since it looks like weve got about as much oil off Alaska as our good friend the King here has in the …