This statement establishes a disagreement between two parties; those who believe oil should be sought in the arctic and those who do not. One party asserts that there is an abundance of oil in the arctic that is to be drilled for. The other party argues that the value of the environment outweighs the value of oil.
Nicholas D. Kristoph writes in The New York Times that, “Both the oil industry and environmentalists exaggerate their cases.” I assumed earlier that there was a large amount of oil to be drilled, and I'm sure that there is, but one issue that many people have is the size of the great abundance of oil. Oil companies say that ther