Canada, Denmark, Norway, Russia and the U.S. are scheming to lay hands on the 90 billion barrels of oil, untold quantities of natural gas and other resources buried in the soon-to-be ice free North Pole.If UN intervention fails to resolve the territorial contest,Canada and Russia are already beefing up their northern military, according to Montreal Gazette.
Russia just deployed two brigades of about 10,000 specially trained Arctic-troops to “protect Russian interests”. These interests will soon include Prime Minister Putin’s $33 billion, year-round port on the Yamal Peninsula. The perfect hub for distributing a wealth of hydrocarbons.
In response, Canada’s more modest Operation Nanook will send about 1,000 infantry and Ranger troops with CF-18 fighter jets, surveillance aircraft, and a warship to patrol near Baffin Island this summer.
Canada may have a firm claim on some of the oil, but Russia has its eye firmly on the prize. Officials there have just sent a scientific expedition led by a nuclear powered icebreaker to prove once and for all that the whole region is part of Russia’s continental shelf.
Head of the Russian expedition Ivan Glumov says the 90 billion barrels will go a long way to helping his country. “That’s basically 20 to 30 years worth of Russia’s annual energy resources production, is what this means,” he said in an interview with the Russian Times.
Glumov is hoping to find evidence that will expand Russia’s borders by 463,322 square miles or about one-ninth the area of the U.S.
The Arctic seabed is believed to contain 13 per cent of the world’s untapped oil reserves.
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