Wednesday, May 20, 2009

The Coldest War: Russia And U.S. Face Off Over Arctic Resources

From The Daily Mail:

As the oil wells run dry, the planet's last great energy reserves lie miles beneath the North Pole. And as the U.S. and Russia race to grab them at any cost, the stage is set for a devastating new cold war

The year is 2020, and, from the Middle East to Nigeria, the world is convulsed by a series of conflicts over dwindling energy supplies. The last untapped reserves of oil and gas lie in the most extreme environment on the planet - the North Pole - where an estimated bonanza of 100 billion barrels are buried deep beneath the Arctic seabed.

The ownership of this hostile no-man's-land is contested by Russia, Denmark, Norway, the U.S and Canada. And, in an increasingly desperate battle for resources, each begins to back up its claim with force.

Read more ....

My Comment: This may occur if there is truth to global warming. Hmmmm ... I have my doubts. I live in Canada, and the winters have always been the same ..... VERY COLD. Up at the arctic .... even more so.

Presently, the means and technology to exploit the resources up north are limited and very difficult to achieve. Dome Petroleum worked at developing the technologies to exploit oil and natural gas in the Beaufort Sea a number of years ago .... and they fail.

The arctic is very unforgiving ..... and as long as it remains cold .... the arctic is not going to be in the giving mood either.

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