Arctic Ice Sheet Year over Year

Lots of stories about the extent of arctic ice sheet loss this summer and the fact that it is not even at the date when it usually hits its lowest extent.  The loss of arctic ice can of course increase risks but also increases opportunity for shipping and oil and gas drilling.  Shell is trying as we speak to drill in the Arctic…  Surely this is a sign that oil is becoming more scarce as more and more resources are spent to access oil in places with higher risks and more costs.

Here is an image of the loss of arctic sea ice…

This is from … from September 8, 2012.