| Report | Scramble for the Arctic | 22 January 2010 |
No scramble for the Arctic - yet
by Reiner Gatermann
If the ice in the Arctic melts, a new ocean five times the size of the Mediterranean will be formed, potentially providing access to huge fossil fuel resources. But oil companies are not rushing to the North Pole yet. It will be decades before there can be any question of tapping the region’s oil and gas – if it happens at all.
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