Exhausted Global Oil Supplies Make Arctic The New Hydrocarbon Frontier -- The Guardian
Oil companies and governments are looking north as prices rise and energy security fears grow.
The rich, cream-and-chocolate room furnishings, delicate finger foods and "speed networking" sessions at the five-star Jumeirah Carlton Tower hotel in Knightsbridge, London, are just what you would expect from an oil industry get-together.
But the faux leopard-skin chairs and radiators belting out heat feel at odds with the discussion about the ice and snow-bound Arctic, the latest hydrocarbon "frontier".
Read more ....
My Comment: With everyone positioning themselves to exploit the north, this will inevitably result in territorial disputes. Hence the military buildup by some, with other countries following suit.