Arctic Gold Rush: The New Race for Tomorrow's Natural by Roger Howard

By Roger Howard

An exploration of the political importance of the Arctic's mammoth untapped wealth of average assets, and a gripping account of the race to use them
On August 2, 2007, a Russian submarine captured international headlines via creating a risky trip to the ground of the Arctic seabed and planting a steel, rustfree nationwide flag greater than 14,000 toes underneath the North Pole. the purpose used to be to say Russia's felony sovereignty over a area whose significance had only in the near past began to develop into obvious as its melting ice had made, or was once anticipated to make, big typical assets open to exploitation.

The newest estimates are that the sector holds round thirteen% of the world's undiscovered oil and up to 30% of undiscovered common gasoline reserves that may be highly ecocnomic for any nation that controlled to safe keep an eye on over them. Gold, platinum, copper, and different important metals have additionally been discovered alongside the coast. Neighboring nations ― Russia, the USA, Canada, Denmark, and Norway ― are already doing every thing they could to mark out new borders. the consequent political disagreements over the difficulty are already rife. particularly, video games of political intrigue among Moscow and Washington are being performed out within the quarter. yet because the world's assets turn into more and more scarce and priceless, might the scramble for Arctic assets develop into violent? might a "War for the Arctic" be fought?

Praise for The Oil Hunters:

"The Dramatic Days of oil exploration within the first 1/2 the 20 th century are narrated in gripping type via Roger Howard." -The Spectator

"A attention-grabbing tale for an individual drawn to certainly one of present day major financial difficulties: tips on how to lessen the masses of billions that americans spend each year to import oil...the e-book is choked with intrepid geologists, risk-averse enterprise humans, hardup Mideast rulers and creative promoters- all focused on using up profits."-The linked Press

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Hadow was leading the Catlin Arctic Survey, a four-man trek to the North Pole that set out in early March to get a better idea of the shrinking ice cap and obtain much more specific data than satellites could provide. Before long Hadow discovered that most of his ice samples were less than three feet thick, suggesting that the older, thicker ice had either floated away or, more likely, simply melted. 9 Everyone agrees that the Arctic is melting fast, although there is marginally more disagreement about exactly why.

His diary entry for 20 August 1853 recorded the dangers he and his crew faced: We were dragged out by the wild sea, and were at its mercy . . at seven in the morning we close upon the piling masses of ice . . down we went with the gale again, helplessly scraping along a lee of ice seldom less than thirty feet thick . . one upturned mass rose above our gunwale, smashed our bulwarks and deposited a half ton of ice in a lump upon our decks. 3 His voyage ended in near disaster when, in May 1855, he was forced to abandon his 140-ton brig, the Advance, and with his crew undertook a heroic north-easterly trek to reach the sanctuary of Upernavik, on Greenland’s west coast.

By contrast, locating the North Pole – the Earth’s precise axis of rotation – had intrigued both scientists and adventurers for centuries, but in the world of commerce it seemed to be a rather empty gesture: even if it could be pinpointed, the Pole was really just like any other stretch of land, water or ice. For many adventurers it represented a great prize, but almost no one could raise the funds to make a journey and seize it. For this reason, few people made any specific effort to find the Pole unless it also helped them to map the Northwest Passage, even if the personal bravery of those who made the effort was just as remarkable.

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