Arctic Melt Good News for Business
2012-10-02
For the last 60 years, the Arctic has warmed twice as fast as the rest of the Earth, and some Asians business people are taking advantage of this fact. The thawing at the top of the globe gives access to incredible mineral wealth and drastically shorter shipping routes to the Atlantic through the now reopened Northwest Passage.
The Arctic waters not only contain fish, the US Geological Survey estimates that 30% of the world’s undiscovered reserves of natural gas, and 13% of the undiscovered oil, are there–as well as coal, iron, uranium, gold, copper, rare earths and gemstones.
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