Friday, August 03, 2007

There's gold under them there bergs!

It has not taken very long for some to realise that as global warming takes hold, and the Arctic ice disappears, there is a huge gamut of potentially useful resources that will become accessible for exploitation.

An article from Economist.com signals the starting gun for the race for the Arctic's available riches; as they headline it - The Gold Rush Under The Ice.

Amongst others, at stake are potentially huge mineral, oil and gas resources.

"They may include 10 billion tonnes of oil and gas deposits, tin, manganese, gold, nickel, lead, platinum and diamonds, plus fish and perhaps even lucrative freight routes. Exploiting them will be technically tricky, and is probably decades away. But as the ice melts, the row is hotting up about who owns what’s underneath it."

Although it may yet be a few decades yet before these resources become feasibly accessible, our Soviet friends are already attempting a massive geo-political annexation of an enormous portion of the Arctic area.

I wonder just how long it will be before the world's super powers get together to divvy up this untouched region amongst themselves?

Resource greed seems to have become the primary driving factor for mankind. And, not for the first time, I feel ashamed at being a member of our resource ravenous human race.
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