[id=tmppasteie1216957231450]Worth 11 trillion with current oil prices, prices are expected to increase still.

http://www.dailytech.com/Geologists+Find+90+Billion+New+Barrels+of+Oil+in+Arctic/article12481.htm
Seven other nations have claims for the area, including Norway, Sweden, Canada, and the U.S.  Earlier this month, Canadian Prime Minister Stephen Harper said the nation intends to "defend" its sovereignty in the Arctic, backing up the statement with a plan to divert 8 military patrol ships to the region, along with a new deep-water port.

To put that into perspective
http://en.wikipedia.org/wiki/Oil_reserves

This is going to spell disaster... No doubt about it

EDIT::: 300th post

Its going to make someone somewhere very rich, and someone elsewhere very dead. All I can say is good luck Canada in trying to hold off the US Navy with your 8 patrol vessels.

I'm pretty sure Denmark's one of those "7 other countries"... Soooo we will properly claim Greenland and the area surrounding it and then get smacked around by the US.

Prices have plummeted here. They took a nosedive after the ban on offshore oil drilling got lifted...


...not like that did anything. It's gonna be a good four years before we start seeing any real supply increase from it, but I don't mind the "false" devaluation.

On this whole north pole business... it sounds like an amazing plot to a new game. A polar world war? Infinity Ward will be working on a new IP soon. ;)

Wow.  How convenient that all of this oil is already in 90 million barrels!

Eddie

Isn't that the plot for EndWar?

Has to be fake, canada isn't bold enough to make such statements.

Isn't that the plot for EndWar?

More or less... though in EndWar, you have to deal with the French.