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Race to claim High Arctic's oil resources may be a fool's mission
CBC News ^ | Dec. 14, 2013 | Andre Mayer

Posted on 12/14/2013 8:46:35 AM PST by rickmichaels

When asked earlier this week about extending Canada's territorial claims in the Arctic, Foreign Affairs Minister John Baird was clear about the rationale.

"We are determined to ensure that all Canadians benefit from the tremendous resources that are to be found in Canada's Far North," he said.

But while the federal government is eager to establish its claims to the polar seabed, some Arctic experts believe that Ottawa is putting too much stock in trying to reap the potential riches of such a harsh domain.

"The central Arctic Ocean is exceedingly remote, thousands of kilometres from any port, from any community, it is subject to extremely hostile weather, complete darkness for several months each winter.

"I could go on. But it is probably the most expensive place in the entire world to drill for oil," says Michael Byers, author of Who Owns the Arctic? Understanding Sovereignty Disputes in the North.

Because of all those hurdles, Byers adds, the economic argument for staking Arctic claims "is not a real argument."

Byers is by no means alone in this view, though it is not universal. Other prominent Arctic researchers, such as Rob Huebert at the University of Calgary, say that while we don't have the technology today to extract much energy from the High Arctic, who knows what will be the case a few decades from now.

And it is that longer term view that seems to be propelling Canada in its newly stated intention to lay claim to the North Pole — also being sought by Russia and Denmark — by making a submission to the UN Commission on the Limits of the Continental Shelf.

Baird also said that Canada is delaying a larger bid for seabed rights in order to collect more data to strengthen this territorial claim.

(Excerpt) Read more at cbc.ca ...


TOPICS: Business/Economy
KEYWORDS: arctic; canada

1 posted on 12/14/2013 8:46:35 AM PST by rickmichaels
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To: rickmichaels

Excuse, us. We have a claim to that oil as well. Hello, Alaska, anyone?

I suppose mac daddy obammy is too busy playing footsie with Reggie Love to make sure our claim to those potential resources is properly represented.


2 posted on 12/14/2013 9:03:58 AM PST by 3Fingas (Sons and Daughters for Freedom and Rededicaton to the Principles of the U.S. Constitution...)
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To: 3Fingas

I hope either the U.S. Or Canada claims as much as possible. One thing for sure is that if Russia successfully claims it there will be one big environmental mess left in their wake.


3 posted on 12/14/2013 9:19:47 AM PST by snoringbear (E.oGovernment is the Pimp,)
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To: rickmichaels
If "global warming" stops then it will be even more difficult to get to these oil reserves.

A lot of this excitement is based on assuming the worst case predictions of the global warming alarmists, i.e. in a few years beautiful women in bikinis will be sunning themselves on white sand beaches north of the Yukon territories.

4 posted on 12/14/2013 9:29:05 AM PST by who_would_fardels_bear
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To: rickmichaels

Why does everything have to be about race?


5 posted on 12/14/2013 9:33:24 AM PST by Verginius Rufus
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To: rickmichaels

The only reason to try and drill for oil off the Artic North Slope is because it was considered too impossible to accomplish at a profit and was therefore made the only legal place to drill by the Amerikan Feral government.

The only logical place to drill for oil is onshore, the better the climate the easier to accomplish safely.


6 posted on 12/14/2013 1:20:53 PM PST by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

THanks rickmichaels.

> ...while we don’t have the technology today to extract much energy from the High Arctic, who knows what will be the case a few decades from now. And it is that longer term view that seems to be propelling Canada in its newly stated intention to lay claim to the North Pole...


7 posted on 12/14/2013 2:12:03 PM PST by SunkenCiv (http://www.freerepublic.com/~mestamachine/)
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To: rickmichaels

Don’t I recall similar claims from years ago made about recovering oil from shale?


8 posted on 12/15/2013 7:57:54 AM PST by Amagi (Lenin: "Socialized Medicine is the Keystone to the Arch of the Socialist State.")
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To: rickmichaels

All this time I was led to believe the North Pole was in the middle of the Arctic Ocean. This could be a precedent to all kinds of crazy claims, such as China’s recent ocean area...er...acquisition...


9 posted on 12/15/2013 10:38:13 AM PST by Blue Collar Christian (Vote Democrat. Once you're OK with killing babies the rest is easy. <BCC><)
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