WTF?!? Are we serious?

I'm filing this was under "What the F*$#?!?". Today the Wall Street Journal published a story entitled "U.S. Draws Map of Rich Artic Floor Ahead of Big melt". Ok its no secret that every country and a few mothers are trying to stake claim to the North Pole for the potential oil and gas reserves trapped beneath its icy crust. What is insane is the reasoning behind it. A quote from today's WSJ article reads

"In an era of climate change, these frozen assets are up for grabs, as melting ice allows detailed mapping and, one day perhaps, drilling. Rising temperatures thinned the ice pack to a record low this month. If current trends continue, the Arctic could be ice-free in summer months by 2040..."

Are we freakin' serious? As a civilization we recognize that Global warming is bad except, of course, when it melts ice that has entrapped, thus freeing, OIL. OIL!!! Read that again. OIL! Oil has been identified as one of the major reasons behind global warming so what the heck are we doing anticipating using more oil that global warming has "freed up". Do we expect to warm the earth up even more and see what else the heat will uncover? Maybe we can finally get to those diamonds, gems and other minerals trapped beneath earth's crust if only we could melt that too.

Come'on global warming make us all rich! Its only at the expensive of destroying the very earth that we live on. True/Full cost accounting anyone?

Go talk about this on WSJ's forum.