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Arctic & Nordic : Business Potential                              in Arctic and Northern Europe
Economic news in Arctic and Northern Europe for those who are searching for new business opportunities
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US Navy admits it needs massive investment to fight for Arctic seaways control

US Navy admits it needs massive investment to fight for Arctic seaways control | Arctic & Nordic : Business Potential                              in Arctic and Northern Europe | Scoop.it
In anticipation of international military drills in the Arctic this year, the US Navy has developed a detailed plan to establish a massive presence in the region. The road map says urgent investments are required to avoid higher future costs.

Via Northern_Clips
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Northern_Clips's curator insight, March 2, 2014 3:10 PM

"...In anticipation of international military drills in the Arctic this year, the US Navy has developed a detailed plan to establish a massive presence in the region. The road map says urgent investments are required to avoid higher future costs.

The road map acknowledges that by 2020 the Bering Strait will have ice-free conditions for about 160 days a year, whereas by 2025 the now-hypothetic Transpolar transit sea route through the central part of the Arctic Ocean might become open for up to 45 days annually.

The document specifies a large number of detailed tasks and deadlines the US must meet to compete on equal footing with other Arctic nations, already lining up for tough competition for natural resources under the Arctic seabed.

For example, total deposits of hydrocarbons in the Arctic have been valued at over $1 trillion...."

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As Arctic Melts, a Race to Test Oil Spill Cleanup Technology - National Geographic

As Arctic Melts, a Race to Test Oil Spill Cleanup Technology - National Geographic | Arctic & Nordic : Business Potential                              in Arctic and Northern Europe | Scoop.it

National Geographic As Arctic Melts, a Race to Test Oil Spill Cleanup Technology National Geographic Some of the new technology, which included military-style drone aircraft and an unmanned underwater vehicle dubbed the Jaguar by its developers at...


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Who Owns the Arctic

Who Owns the Arctic | Arctic & Nordic : Business Potential                              in Arctic and Northern Europe | Scoop.it
Territorial claims of countries in the Arctic are being spurred by the presence of large caches of oil and natural gas, melting ice and dwindling energy reserves in other regions.

Via Kathy Dowsett
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