The U.S. Geological Survey has some insight into what lies beneath/near/on the Arctic Circle:

1. An estimated 90 billion barrels of recoverable oil
2. Enough oil to supply the WORLD’s needs for nearly 3 years.
3. Maybe 1.670 trillion cubic fee of natural gas
4. About 13% of the world’s undiscovered oil
5. About 30% of the world’s undiscovered natural gas
6. About 20% of the world’s undiscovered natural gas liquids
7. Some 400 oil and gas fields north of the Arctic Circle
8. The home to polar bears already losing their natural habitat to melting of their land
9. A possible cause for a conflict between Russia, Canada, Norway, Denmark and the United States who are laying claim to chunks of the huge energy resources.

So, should we go drilling or not? Remember what arthroscopic surgery can do before answering that question.

There are 239 billion green opportunities in China. That is, China is planning on spending Y2 trillion ($239 million) to ensure that renewable energy will account for 15% of the nation’s power by the year 2020. China is the world’s second largest energy user. A country one fourth the size uses more.

Presently, less than 10% of China’s power comes from renewable energy. The government has earmarked Y1.4 trillion from 2006-2010. The U.S. says the clean technology market in China will be about $186 billion in 2010 and grow to $555 billion by 2020. Okay, I lost track of how much money can be made.

Looking for a good business opportunity? Help China become greener. They’ll pay out the gazoo for any good idea you can come up with. The best ideas – clean coal and carbon capture technologies says one expert.

Do you have a green idea?