I've found a great article on the Arctic, here's the link, for those that hate to read the long version, I have compile some of the important parts.
Let start with one fundamental question, who would want the Arctic? I meant, it is just a big piece of ice on water right? In fact in the early 1900s, when the first US explorer, Robert Peary reach the North Pole, he claim the Arctic as one of US land, however the President at that time doesn't understand the significant of one piece of ice with no value whatsoever as US land. So naturally, he just let it go.
However, now in recent years, geologist predicted that the Arctic holds more than 20% of undiscovered oil and gas in the region alone. Indeed, the Arctic may hold 90 BILLIONS barrel of oil and 1,670 TRILLION of natural gas. So you can understand why now everyone eyeing on this vast uninhabitable ice.
This may make you think that there will be a major gold rush, however, this is not a simple task, as shown in Gulf of Mexico oil spills, the environmental danger is very real.
Another reason why there's no gold rush, is that it is hard to get to that untap oil and gas. The cost of cutting the ice is just not worth it. However, since now the ice are melting faster, corporates are now focusing again on the Arctic.
Another industry that celebrating the melting of the ice, is the shipping industry. It is shown that ship could cut the cost of traveling when they navigate through what use to be a completely icy water. This will create more problem to the once icy water, when ships start using the water.
So who would benefit from the melting of the Arctic? Greenland, no kidding. Greenland has always been icy, it upper most layer has been in ice for so long. The biggest revenue that came from Greenland has been exporting of shrimp and fish. Resident of Greenland hope that global warming would thaw the ice, and make the northern part of the the island accessible, so that they could drill the oil and gas found there.
But let get it clear here, tapping into Arctic and making the ice melt won't get people dancing in the street when sea level start to rise and flooded all the coastal cities. Nobody really benefit from thawing the ice cap. The Arctic is like the Earth air conditioner, once we turn it off, than all of the bigger problems occurs.
This is a progressing story, some scientists said that the Arctic might be gone in the next 30 to 40 years. I hope I won't be there when the Earth started to heat up.
Let start with one fundamental question, who would want the Arctic? I meant, it is just a big piece of ice on water right? In fact in the early 1900s, when the first US explorer, Robert Peary reach the North Pole, he claim the Arctic as one of US land, however the President at that time doesn't understand the significant of one piece of ice with no value whatsoever as US land. So naturally, he just let it go.
However, now in recent years, geologist predicted that the Arctic holds more than 20% of undiscovered oil and gas in the region alone. Indeed, the Arctic may hold 90 BILLIONS barrel of oil and 1,670 TRILLION of natural gas. So you can understand why now everyone eyeing on this vast uninhabitable ice.
This may make you think that there will be a major gold rush, however, this is not a simple task, as shown in Gulf of Mexico oil spills, the environmental danger is very real.
Another reason why there's no gold rush, is that it is hard to get to that untap oil and gas. The cost of cutting the ice is just not worth it. However, since now the ice are melting faster, corporates are now focusing again on the Arctic.
Another industry that celebrating the melting of the ice, is the shipping industry. It is shown that ship could cut the cost of traveling when they navigate through what use to be a completely icy water. This will create more problem to the once icy water, when ships start using the water.
So who would benefit from the melting of the Arctic? Greenland, no kidding. Greenland has always been icy, it upper most layer has been in ice for so long. The biggest revenue that came from Greenland has been exporting of shrimp and fish. Resident of Greenland hope that global warming would thaw the ice, and make the northern part of the the island accessible, so that they could drill the oil and gas found there.
But let get it clear here, tapping into Arctic and making the ice melt won't get people dancing in the street when sea level start to rise and flooded all the coastal cities. Nobody really benefit from thawing the ice cap. The Arctic is like the Earth air conditioner, once we turn it off, than all of the bigger problems occurs.
This is a progressing story, some scientists said that the Arctic might be gone in the next 30 to 40 years. I hope I won't be there when the Earth started to heat up.
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