Summary: It is predicted that by 2030 most of the Arctic will be
clear of ice year round, which is why President Barack Obama has become the
first U.S. president to travel above the Arctic Circle while in office. The
United States is already behind other countries in the race to claim control in
the warming Arctic. The most predominant among countries already active in the
region is Russia, which has already set up 10 search and rescue bases.
Meanwhile, the United States does not have any ice-capable warships in its Navy
and has little experience navigating in the Arctic. The other potential competitors
in the region include South Korea, China, and Singapore, which consider using
the new ocean area to ship cargo to European markets. The economic incentive
for control of the Arctic Circle is high. There are many areas within the Circle
that have a 50% or higher chance of large undiscovered oil and gas reserves.
Shell has already started exploratory drilling in the area. Five ships from the
U.S. Coast Guard are also scheduled to monitor the area from June to October.
Analysis: It’s good that we can reap the benefits of climate change in
the Arctic Circle. It’s
about time that we catch up in this race. The
next step would definitely be to get some ice-capable ships built, and to start
using the new ocean area in trade.
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ReplyDeleteIt's hundreds of years after European colonization in America and here we go again. It's interesting to see who the other competitors are now and how the competition has evolved since the 1600s.
ReplyDelete-Demi Tomasides