Arctic May Hold 30% of Undiscovered Gas, Strengthening Russia

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According to a 2007 National Geographic article, Russia may have a legitimate claim on the seabed. Somehow, we doubt that the US will agree. — PID

May 30, 2009 (BLOOMBERG) — /SNIP/ Russia dispatched a mini-submarine to plant a titanium flag on the seabed under the polar cap in 2007, challenging a United Nations convention that limits resource claims to within 200 miles (321 kilometers) from shore and sparking protests from Canada, the U.S., Norway and Denmark, which all have territory above the Arctic Circle. Full Report

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