Cold War: U.S., Russia, China in Polar Race

 

Experts Believe As Much As $35 Trillion In Untapped Oil And Natural Gas Lurks In The Arctic Circle.

In what is being described as the “New Cold War,” the U.S., Russia, and China are all angling for the greatest share of influence and control in a part of the world few can even access. Continue reading

A worldwide undersea gold rush is coming

An undersea gold rush could be coming soon with the rising cost of minerals and advancements in technology opening the seafloor to mining – environmental concerns not withstanding.

The United Nations International Seabed Authority (ISA) last week published a study on what frameworks would be necessary to ensure that mining is done responsibly. Commercial mining operations could begin as soon as 2016, but ISA acknowledged that there will be “inevitable environmental damage” and identified a “Catch-22″ where firms have not demonstrated appropriate competency and skills but must first start mining to gain them. Continue reading