BIG Day Today, North Pole Webcam Floating in the Open Arctic Ocean at 86 Degrees North! Scientists warn on $60 trillion Arctic economic time bomb. NASA: Arctic Ocean Could be Mostly Ice Free in 2013!!!

InvestmentWatch

http://psc.apl.washington.edu/northpole/NPEO2013/17.jpg

Scientists warn on Arctic ‘economic time bomb’

The rapidly melting Arctic is an “economic time bomb” likely to cost the world at least $60 trillion, say researchers who have started to calculate the financial consequences of one of the world’s fastest changing climates.

A record decline in Arctic sea ice has been widely seen as economically beneficial until now, as it opens up more shipping and drilling in a region thought to contain 30 percent of the world’s undiscovered gas and 13 percent of its undiscovered oil.

http://www.cnbc.com/id/100912062

The NORTH POLE is now a LAKE

The North Pole, that great bastion of eternal cold and barren ice, is a lake.

It’s a shallow lake. It’s a cold lake. But it is, actually, a lake.

According to the North Pole Environmental Observatory, the summer ice is melting away at unprecedented rates. The sea of snow is now meltwater.

http://o.canada.com/2013/07/24/the-north-pole-is-now-a-lake/

Arctic summers ice-free ‘by 2013′

Scientists in the US have presented one of the most dramatic forecasts yet for the disappearance of Arctic sea ice.

Their latest modelling studies indicate northern polar waters could be ice-free in summers within just 5-6 years.

Professor Wieslaw Maslowski told an American Geophysical Union meeting that previous projections had underestimated the processes now driving ice loss.

Summer melting this year reduced the ice cover to 4.13 million sq km, the smallest ever extent in modern times.

Remarkably, this stunning low point was not even incorporated into the model runs of Professor Maslowski and his team, which used data sets from 1979 to 2004 to constrain their future projections.

http://news.bbc.co.uk/2/hi/science/nature/7139797.stm