February 12 2014 image description
by: jmhumire 0 Comments

Russia, China set sights on Arctic riches

While the Polar Vortex and Sochi Olympics may have dominated world headlines this winter, both are relatively minor in size and scope when compared to an evolving geo-political crisis also featuring freezing temps and international competition. 

The high stakes “Great Game” over Arctic riches will affect billions of people in the coming years, yet appears near completely “out of sight, out of mind.” 

Though polar sea ice has increased this past winter, satellite photos clearly show a decades-long melting trend, which, according to the National Oceanographic and Atmospheric Administration, is now an average of 45 percent smaller than during the 1980s and 1990s. Thus the race is on for the Arctic’s vast petroleum, fishing and mineral resources. And I do mean vast.

Polar bears on floating ice blocks may soon be the least of our worries. 

(more…)