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It's related to the giant craters as they are both massive methane expulsions caused by warming in that region. This is a terribly bad event for us (not the planet, us) because it means that Climate Change has reached a stage where it is effecting the arctic. There is an unbelievable amount of methane stored in the arctic. And since methane is like an uber greenhouse gas, we are going to see the effects on an even more drastic scale. As one Arctic Climatologist said: "We're Fucked"