Trying to head off an Arctic 'gold rush'
Five states bordering on the potentially energy-rich Arctic Ocean have been meeting in Greenland in an attempt to head off a new “gold rush” in the high north. But all is yet to play for as the competition for resources intensifies in a world growing short of oil, and disputes and confrontations could develop. The US Geological Survey estimates that the Arctic could contain 25% of the world’s undiscovered oil and gas. Full Story