The greater the number of fossil fuels we consume, the more rapidly we alter the Arctic, inviting the further extraction of just such fuels and their contribution to global warming.
As climate change rips away the icy armor of the Arctic, nations surrounding the North Pole and companies eager to exploit the area’s mineral wealth–particularly oil and natural gas–are growing giddy with anticipation.
Professor Bradshaw is concerned Rosneft could decide to carry on drilling without the Western expertise and so increase the risk of a catastrophic accident in the Arctic. And he adds that Russia’s new gas deal with China will not help.
•Who Owns the Arctic •Gazprom’s over-reaction to Arctic oil protest is a sign their fortune is at stake •Canadian Oil Producers May Have A Lot More Riding On The Keystone XL Pipeline Than Transcanada •OPEC oil production update July 2013 •Mexico deputies scuffle in chamber over energy bill •IEA Boosts 2014 Global Oil Demand Forecast on U.S. Recovery •Worst-Case Scenario for Oil Sands Industry Has Come to Life, Leaked Document Shows
When China — along with Japan, South Korea, Singapore, India, and Italy — was granted permanent observer status in the Arctic Council last month, it left many experts wondering whether a paradigm shift in geopolitics is taking place in the region.
•Oil guru says US shale revolution is ‘temporary’ •A Black Mound of Canadian Oil Waste Is Rising Over Detroit •Analysis – Oil executives tune out the call of the wild Arctic •The delayed oil impact of the ‘Arab spring’
•Europe facing peak oil •International oil companies’ oil production peaked in 2004 and declined by 2.1 % pa •UK more vulnerable from disruption to oil supplies •Greenland government falls as voters send warning to mining companies
•Critical Part of Keystone Report Done by Firms with Deep Oil Industry Ties •The spreading slick of blame for the BP Deepwater Horizon oil spill •Statoil may abandon US Arctic drilling leases •Peak Oil, The Shale Boom and our Energy Future: Interview with Dave Summers
•Dude, where’s my cheap gas? •How do you measure China’s oil demand? IEA goes from “error to error” •Twilight of an energy boom: Alberta’s new fiscal challenge •OPEC Boosts Estimated Demand for Its Own Crude Oil •Setback for Shell’s Arctic oil ambitions as rigs require repair in Asia
The fact that the summer ice is declining in the Arctic means that there is now also the possibility to take ships northwest and northeast of Greenland (seen from Europe) and the famous Northeast Passage goes through Russian territorial waters. Some judge that the risk for conflict there will grow and there are those who love to propose conflict-scenarios between Russia and the USA. Conflict over the demarcation of boundaries and shipping lanes is one possible scenario but all the parties in the area assure each other that everything will be solved peacefully.
•Bakken Oil Output Fell in November for First Time in 18 Months •Arctic nations’ oil spill plans too vague, say environmentalists •Vast Oil Reserve May Now Be Within Reach, and Battle Heats Up
•Interior Dept. Expedites Review of Arctic Drilling After Accidents •U.S. oil production to jump 25 percent by 2014 – EIA •Why the world is headed toward more oil scarcity •Peak oil group presses EIA to temper optimistic crude outlook •Why a potential role for the US as oil production king needs an asterisk •Is ‘peak oil theory’ delayed by fracking?