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Published: Wednesday 14 August, 2013

cheap online bags cheap online bags Global warming is a great oppor cheap online bags tunity for oil and gas exploration

A thaw of Arctic ice will open plenty of opportunities in oil and gas exploration even though global warming will damage the region, Norways Foreign Minister said.

Jonas Gahr Stoere, who will host a meeting of the eightnation Arctic Council in the Norwegian city of Tromsoe on Wednesday, said now was the time to work out rules to head off potential disputes over resources in the polar region. Climate Panel. Vice President Al Gore. study last year estimated the Arctic had 90 billion barrels of untapped oil, enough to meet current world demand for three years.

And in 2007, the Northwest Passage between the Pacific and Atlantic Oceans opened for a first time in memory. Mining firms could also find new deposits. cheap online bags Deputy Secretary of State Jim Steinberg. accord to fight climate change at a meeting in Copenhagen in December.

The Arctic region is warming faster faster than other areas across the globe. File photo

Among emerging disputes, both Russia and Denmark say the North Pole is part of their territory Moscow even plante cheap online bags d a flag beneath the pole in 2007. commission this month.

Everybody can make easy predictions that when there are resources and there is a need for resources there will be conflict and scramble, Stoere said. It need not be that way.

All Arctic coastal states share an interest in stability, he said.

The Arctic Council states are the United States, Russia, Canada, Finland, Sweden, Norway, Denmark and Iceland.

Stoere also said Arctic states might need more of a military presence.

The more activity there is, the more responsibility of the coastal states to ensure there is order, he said. cheap online bags