Riches await as Earth's icy north melts - The benefits of Global Warming!

[Blue Belle]

Riches await as Earth's icy north melts
By Doug Mellgren, Associated Press
http://www.usatoday.com/tech/science/2007-03-25-melting-north_N.htm?csp=15

<SNIP> Regardless of climate change, oil and gas exploration in the Arctic is moving full speed ahead. State-controlled Norwegian oil company Statoil ASA plans to start tapping gas from its offshore Snoehvit field in December, the first in the Barents Sea. It uses advanced equipment on the ocean floor, remote-controlled from the Norwegian oil boom town of Hammerfest through a 90-mile undersea cable.

Alan Murray, an analyst with the consulting firm Wood Mackenzie, said most petroleum companies are now focusing research and exploration on the far north. Russia is developing the vast Shkotman natural gas field off its Arctic coast, and Norwegians hope their advanced technology will find a place there.

"Oil will bring a big geopolitical focus. It is a driving force in the Arctic," said Arvid Jensen, a consultant in Hammerfest who advises companies that hope to hitch their economic wagons to the northern rush.

It could open the North Pole region to easy navigation for five months a year, according to the latest Arctic Climate Impact Assessment, an intergovernmental group. That could cut sailing time from Germany to Alaska by 60%, going through Russia's Arctic instead of the Panama Canal.

Or the Northwest Passage could open through the channels of Canada's Arctic islands and shorten the voyage from Europe to the Far East. And that's where Hans Island, at the entrance to the Northwest Passage, starts to matter.

<SNIP> "We all realize that because of global warming it will suddenly be an area that will become more accessible," said Peter Taksoe-Jensen, head of the Danish Foreign Ministry's legal department.

Shortcuts through Arctic waters are no longer the stuff of science fiction.

In August 2005, the Akademik Fyodorov of Russia was the first ship to reach the North Pole without icebreaker help. The Norwegian shipyard Aker Yards is building innovative vessels that sail forward in clear waters, and then turn around to plow with their sterns through heavier ice.

Global warming is also bringing an unexpected bonus to American transportation company OmniTrax Inc., which a decade ago bought the small underutilized Northwest Passage port of Churchill, Manitoba, for a token fee of 10 Canadian dollars (about $8).

The company, which is private, won't say how much money it is making in Churchill, but it was estimated to have moved more than 500,000 tons of grain through the port in 2007.

Managing director Michael Ogborn said climate change was not something the company thought about in 1997.

"But over the last 10 years we saw a lengthening of the season, which appears to be related to global warming," Ogborn said. "We see the trend continuing."

Just a few years ago, reports said it would take 100 years for the ice to melt, but recent studies say it could happen in 10-15 years, and the United States, Canada, Russia, Denmark and Norway have been rushing to stake their claims in the Arctic.

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It will be interesting to see the "Scientists" bought and paid for by Exxon-Mobil back peddle when they start putting off-shore oil derricks in sunny Greenland.

[soothsayer]

1. the north pole is off limits, i thought. military owns it.