The Heritage Foundation may have sussed out the real reason Republicans deny global warming: it's opening up the Arctic for drilling!
The Arctic is quickly reemerging as a strategic area where vital U.S. interests are at stake. The geo political and geo-economic importance of the Arctic region is rising rapidly, and its mineral wealth will likely transform the region into a booming eco nomic frontier in the 21st century. The coasts and continental shelf of the Arctic Ocean are estimated to hold large deposits of oil, natural gas, and meth ane hydrate (natural gas) clusters along with large quantities of valuable minerals.
With the shrinking of the polar ice cap, extended navigation through the Northwest Passage along the northern coast of North America may soon become possible with the help of icebreakers. Similarly, Russia is seeking to make the Northern Sea Route along the northern coast of Eurasia navigable for considerably longer periods of the year. Opening these shorter routes will significantly cut the time and costs of ship ping.
In recent years, Russia has been particularly active in the Arctic, aggressively advancing its interests and claims by using international law and by projecting military might into the region.
Despite the Arctic's strategic location and vast resources, the U.S. has largely ignored this region. The United States needs to develop a comprehensive policy for the Arctic, including diplomatic, naval, military, and economic policy components. This should include swiftly mapping U.S. territorial claims to determine their extent and to defend against claims by other countries. With oil and gas prices recently at historic highs in a tight supply and demand environment, the rich hydrocarbon resources in the Arctic may bring some relief to consumers. These resources, especially the hydrocarbons, also have the potential to significantly enhance the economy and the energy security of North America and the world.
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