It cannot be ruled out that the battle for raw materials will be waged with military means

February 1, 2009 · Filed Under Governments, Oil Industry

arctic_map_speigle

Russia reasserts claims to a large area of the Arctic Ocean, indicating the use of military means may be required to secure the new claim.

It seems that Russia, with almost one-third of its territory lying north of the Arctic Circle, is about to prove that the fears of Western nations bordering the Arctic are not unjustified. The nuclear power will soon begin flexing its muscles along the icy shores of its giant realm.

Of course, the area is rich in energy resources:

“We hope to find reserves of oil and gas corresponding to about 20 percent of Russian reserves,” Donskoy said, outlining Russia’s plans for the Arctic.

Under that plan, geologists will first study the Barents Sea and the Kara Sea. They expect to find at least two to four large oil or gas fields beneath the ocean floor in each of these two seas. According to Russia’s environment minister, a petroleum engineer by trade, the fields contain an estimated 3.3 billion tons of oil and up to 5 billion cubic meters of gas.

Some additional background here.

Comments

2 Responses to “It cannot be ruled out that the battle for raw materials will be waged with military means”

james on February 9th, 2009 5:09 PM

this realy good info doc keep it comming
james on February 9th, 2009 5:10 PM

i realy like what you have done on this site to help people with there fuel concerns.

Leave a Reply