Riches Await As Earth's Icy North Melts: 25% of undiscovered oil and gas, fish, diamonds, shippng

NYT/AP: Riches Await as Earth's Icy North Melts
By THE ASSOCIATED PRESS
Published: March 25, 2007

HAMMERFEST, Norway (AP) -- Barren and uninhabited, Hans Island is very hard to find on a map. Yet these days the Frisbee-shaped rock in the Arctic is much in demand -- so much so that Canada and Denmark have both staked their claim to it with flags and warships. The reason: an international race for oil, fish, diamonds and shipping routes, accelerated by the impact of global warming on Earth's frozen north.

The latest report by the U.N. Intergovernmental Panel on Climate Change says the ice cap is warming faster than the rest of the planet and ice is receding, partly due to greenhouse gases. It's a catastrophic scenario for the Arctic ecosystem, for polar bears and other wildlife, and for Inuit populations whose ancient cultures depend on frozen waters.

But some see a lucrative silver lining of riches waiting to be snatched from the deep, and the prospect of timesaving sea lanes that could transform the shipping industry the way the Suez Canal did in the 19th century.

The U.S. Geological Survey estimates the Arctic has as much as 25 percent of the world's undiscovered oil and gas. Moscow reportedly sees the potential of minerals in its slice of the Arctic sector approaching $2 trillion....

All this has pushed governments and businesses into a scramble for sovereignty over these suddenly priceless seas....

http://www.nytimes.com/aponline/world/AP-Arctic-Bonanza.html

...not interested in stopping it.

The corporations and government are syaing the quick buck will rule to the bitter, tragic, and preventable end.

and does it lurk somewhere in all of us, or just in some?

:puke:

how about all that fresh water entering the salt water ocean currents? how about the people and animals indeginous to that area? who the crap cares about oil, diamonds when the ocean currents shut down and causes weather havoc world wide, and a permanent flooding of our coastal areas??? I tell ya...I sit here shaking my head in disgust...
wb