• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Wind droughts
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 10 hours "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 11 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 5 hours "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 1 day Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 50 mins "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 11 hours The Federal Reserve and Money...Aspects which are not widely known
  • 2 hours Uniper is over - Germany (Government) buys the Company
  • 5 hours "How BlackRock Conquered the World" by James Corbett (all 3 parts)
  • 11 hours "Oil prices likely not responsible for inflation and other energy insights by hedge fund manager Josh Young" - Kitco News interview by David Lin
  • 13 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 6 days "Dodgy Demand Data? The Oil Price Collapse Conspiracy" by Alex Kimani
  • 13 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
James Stafford

James Stafford

James Stafford is the Editor of Oilprice.com

More Info

Arctic Oil & Gas: Not for the Faint of Heart

Massive cost, forbidden terrain and unimaginable reward—this is the Arctic, where interest has waxed and waned over the past decade, but a flurry of activity from unexpected quarters is bringing back online. This time we can expect a coordinated, multi-national interest.

For all intents and purposes, we have global warming to thank for the renewed interest that has catapulted the Arctic to the top of a handful of national oil and gas agendas. But there is also the fact that the Arctic is estimated to hold around 13% of the world’s undiscovered oil and 30% of its undiscovered natural gas—all buried in frozen, forbidden terrain.

The list of countries interested is not what one would expect: Aside from the obvious, it includes India, China, Japan, Singapore, South Korea and Italy.

This has all culminated in the formation of what is now called the Arctic Council, which serves as an intergovernmental body to address oil and gas exploration and exploitation and includes all of the above-mentioned countries as either members or with observer status.

The European Union, desperate to become less dependent on Russia, is also eyeing a seat on the Arctic Council, but hasn’t been granted one yet.

US interest is also picking up—but it’s a “quiet” subject in Washington compared with the power corridors of other countries on the Council. There have been a number of high-level meetings on the Arctic. In…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News