Arctic & Antarctica
Looks chilly but there's oil and gas down there.

Russia Makes Move On Antarctica’s 513 Billion Barrels Of Oil

CNT Publisher: As the ice melts away, it's game on. Human beings look north to the vast untapped Arctic oil and gas fields. The coast, even the frozen ones, are in a constant state of transition.

Rosgeologia’s seismic surveys and other related work since the 70s to now indicate that there is at least 513 billion barrels of oil and gas equivalent in Antarctica, and Moscow has now set its sights on the world’s most underexplored continent.

Given the march that it has stolen on everyone else in the exploration and development of oil and gas resources in the Arctic region, it should come as little surprise to anyone who knows anything of the ruthless single-mindedness of Moscow that moves are afoot to do exactly the same thing at the other end of the world, Antarctica. According to an announcement in the last week, Russia’s state-run geological survey firm, Rosgeologia, undertook a major new seismic survey in the Riiser-Larsen Sea, off the coast of Antarctica’s Queen Maud Land earlier this year. Moreover, Rosgeologia stated unequivocally that it did this 4.400 kilometre survey - the first seismic survey done in the area by Russia since the late 1990s – with the express purpose of ‘assessing the offshore oil and gas potential of the area using the latest technology’.

Amusingly, in a wry chuckle sort of a way for those who have had any serious dealings with Russia under President Vladimir Putin, there are those who cite all sorts of reasons why such plans cannot go ahead at least for the next few years. Presumably these people were asleep when Russia rolled into Crimea, or Georgia, or unilaterally managed to engineer a change in the status of the Caspian from a lake to a sea in order to swindle Iran out of trillions of dollars of revenue, and probably believe that wolverines make good house pets as well. Nonetheless, these innocents cite the 1959 Antarctic Treaty (signed by 53 separate countries) which, unlike the treaties governing the Arctic (which allow for hydrocarbons exploration and development), supposedly protect the Antarctic’s mineral resources in general, including potential oil and gas sites in particular.

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