The scramble for the oil and other natural resources at the top of the world intensified — quietly — this week, as Norway and Germany announced a new oil exploration partnership, the Daily Telegraph reported today, and Russia confirmed its state-controlled oil companies would do its business in the Arctic, Russian state media reported yesterday.
With so many questions remaining about the world’s supply of oil — a growing, if fringe, group of “peak oil” analysts believes the world is nearing a period when demand will far outstrip supply — any country that gets a lock on those reserves could wield tremendous power in the coming decades.
Oil grab? Scientific exploration? Call it what you want. It’s the geopolitics of global warming and peak oil, and the game is getting interesting.