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causeiambetta
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Registered: 1/30/2007
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Russia lays claim to the North Pole - all its gas & oil
The Daily Mail. UK
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Russian leader Vladimir Putin has made an astonishing bid to grab a vast chunk of the Arctic, giving himself claim to its vast potential oil, gas and mineral wealth.
His audacious argument that an underwater Russian ridge is linked to the North Pole is likely to lead to an international outcry.
Populist newspaper Komsomolskaya Pravda - a cheerleader for Putin - printed a map of the North Pole showing a "new addition" to Russia, a triangle five times the size of Britain with twice as much oil as Saudi Arabia.
The six-week mission on a nuclear ice-breaker claimed that the underwater Lomonsov ridge is geologically linked to the Siberian continental platform - and similar in structure.
The detailed findings are likely to be put to the United Nations in a bid to bring it under the Kremlin noose, and provide the bonanza of an estimated 10 billion tonnes of gas and oil deposits as well as significant sources of diamonds, gold, tin, manganese, nickel, lead and platinum.
Under current international law, the countries ringing the Arctic - Russia, Canada, the US, Norway, Denmark (Greenland) - are limited to a 200 mile economic zone around their coastlines.
Currently, a UN convention stipulates that none of these countries can claim jurisdiction of the Arctic seabed because the geological structure does not match that of the surrounding continental shelves.
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DanG
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gggreat... more OIL WARS coming soon.
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posted on 6/28/2007 at 11:15
