READ MY LIPS ........ NO ! Says Putin
- 7 years ago
READ MY LIPS ........ NO !
The new Wild West The Arctic, long considered an almost worthless backwater, is primed to become one of the most important regions in the world as its ice melts over the next few decades.
Unlike every other maritime area in the world, there is no overarching legal treaty governing the Arctic. Instead, the Arctic Council, made up of Canada, Denmark, Finland, Iceland, Norway, Russia, Sweden, and the U.S., oversees and coordinates policy.
But the Arctic Council has no regulatory power. The countries only use the Council to communicate on policy and research and each member state is free to pursue its own policies within their declared Arctic boundaries.
According to a presentation by the Council of Foreign Relations, the Arctic is of primary strategic significance to the five bordering Arctic Ocean states — the U.S. (red), Canada (orange), Russia (grey), Norway (blue), and Denmark (green). arctic Council of Foreign Relations "lip reading" lips no question answer arctic forum "arctic ice" "ice cold" cold u.s. usa america "united states" 2017 2018 firm strength speech conference meeting business world global globe Q&A relations relationship friends "arctic region" friendship country independent partner partnership talk official businessman snow "global warming" "climate change" shipping resource resources oil "oil price" gold mining "natural gas" gas "gas price"
The 1.1 million square miles of open water north of accepted national boundaries — dubbed the Arctic Ocean “donut hole” — is considered the high sea and is therefore beyond the Arctic states' jurisdictions.
As the Arctic ice melts, the area is predicted to become a center of strategic competition and economic activity. Last year, China signed a free trade agreement with Iceland and sent an icebreaker to the region despite having no viable claims in the Arctic. The region is stocked with valuable oil, gas, mineral, and fishery reserves. The U.S. estimates that a significant proportion of the Earth’s untapped petroleum — including about 15% of the world's remaining oil, up to 30% of its natural gas deposits, and about 20% of its liquefied natural gas — are stored in the Arctic seabed.
And in terms of preparation, America is lagging behind its potential competitors.
In front is Russia, which symbolically placed a Russian flag on the bottom of the Arctic Ocean near the North Pole in 2007. The country, one-fifth of which lies within the Arctic Circle, has by far the most amount of developed oil fields in the region.
The new Wild West The Arctic, long considered an almost worthless backwater, is primed to become one of the most important regions in the world as its ice melts over the next few decades.
Unlike every other maritime area in the world, there is no overarching legal treaty governing the Arctic. Instead, the Arctic Council, made up of Canada, Denmark, Finland, Iceland, Norway, Russia, Sweden, and the U.S., oversees and coordinates policy.
But the Arctic Council has no regulatory power. The countries only use the Council to communicate on policy and research and each member state is free to pursue its own policies within their declared Arctic boundaries.
According to a presentation by the Council of Foreign Relations, the Arctic is of primary strategic significance to the five bordering Arctic Ocean states — the U.S. (red), Canada (orange), Russia (grey), Norway (blue), and Denmark (green). arctic Council of Foreign Relations "lip reading" lips no question answer arctic forum "arctic ice" "ice cold" cold u.s. usa america "united states" 2017 2018 firm strength speech conference meeting business world global globe Q&A relations relationship friends "arctic region" friendship country independent partner partnership talk official businessman snow "global warming" "climate change" shipping resource resources oil "oil price" gold mining "natural gas" gas "gas price"
The 1.1 million square miles of open water north of accepted national boundaries — dubbed the Arctic Ocean “donut hole” — is considered the high sea and is therefore beyond the Arctic states' jurisdictions.
As the Arctic ice melts, the area is predicted to become a center of strategic competition and economic activity. Last year, China signed a free trade agreement with Iceland and sent an icebreaker to the region despite having no viable claims in the Arctic. The region is stocked with valuable oil, gas, mineral, and fishery reserves. The U.S. estimates that a significant proportion of the Earth’s untapped petroleum — including about 15% of the world's remaining oil, up to 30% of its natural gas deposits, and about 20% of its liquefied natural gas — are stored in the Arctic seabed.
And in terms of preparation, America is lagging behind its potential competitors.
In front is Russia, which symbolically placed a Russian flag on the bottom of the Arctic Ocean near the North Pole in 2007. The country, one-fifth of which lies within the Arctic Circle, has by far the most amount of developed oil fields in the region.