Arctic Energy Production: Let’s Move Forward, Not Backwards — MasterResource

The world’s demand for oil and gas is likely to grow, whatever misguided policy occurs in the U.S. But despite the best efforts of the USGS, no one will know whether the estimated undiscovered resources exist until actual drilling takes place. That activity will be affected not just by the accuracy of those estimates, but by the exploration and production costs of getting them to market.

Al Fin: Ancient Geologic Upheaval Still Hides Most of Earth's Oil

Scientists have known for quite a while that most of Earth's oil came from vast numbers of oceanic microscopic organisms -- rather than from dead dinosaurs. From diatoms to micro-algae to cyanobacteria and more, these microscopic life forms thrived on warmer seas and higher levels of atmospheric CO2 than are presently available to sea life. Many of these sea creatures are capable of converting gaseous or dissolved CO2 directly into oils and hydrocarbons of various types, and would cheerfully welcome much higher levels of CO2 in the atmosphere and in the oceans, if only they could get it.

Gulf Oil Spill In Perspective – Stop Crying Over Spilled Milk « P Gosselin – NoTricksZone

...This equals…folks my calculator doesn’t even get anywhere near that far out!
It’s like one rat drowning in Lake Erie. It’s in the trillionths! The average lake has more greasy suntan lotion in it.

Wildlife in the oceans are not even going to notice this, not at all! Fish have other far greater worries on their minds – like not becoming dinner for other fish.

So everybody really ought to just calm down about it. The whole thing has been overhyped a 1000 times.
The Gulf shores will get cleaned up and big mother earth will do the rest.