Continental shelves beneath the retreating polar ice caps of the Arctic may hold almost double the amount of oil previously found in the region, scientists say.In new findings, the U.S. Geological Survey estimates the Arctic may be home to 30 percent of the planet’s undiscovered natural gas reserves and 13 percent of its undiscovered oil.

A team of scientists at the USGS collaborated with international researchers to conduct the first-ever comprehensive assessment of undiscovered oil and gas reserves within the Arctic Circle.

“We tried to put some boundaries on the range of possibilities and resources available in the Arctic,” said geologist Donald Gautier, lead author of the survey, which is published this week in the journal Science.

Full Story Via CNN.com

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