It has been described as a New Cold War between Russia and America.
by Michel Chossudovsky
The Battle for the Arctic is part of a global military agenda of conquest and territorial control. Washington’s objective is to secure territorial control, on behalf of the Anglo-American oil giants, over extensive Arctic oil and natural gas reserves. The Arctic region could hold up to 25% of the World’s oil and gas reserves, according to some estimates. (Moscow Times, 3 August 2007). These estimates are corroborated by the U.S. Geological Survey (USGS): “the real possibility exists that you could have another world class petroleum province like the North Sea.” (quoted by CNNMoney.com, 25 October 2006)
From Washington’s perspective, the battle for the Arctic is part of broader global military agenda.
It is intimately related to the process of North American integration under the Security and Prosperity Partnership Agreement (SPP) and the proposed North American Union (NAU). The SPP envisages, under the auspices of a proposed “multiservice [North American] Defense Command”, the militarization of a vast territory extending from the Caribbean basin to the Canadian Arctic.
It also bears a relationship to America’s hegemonic objectives in different parts of the World including the Middle East. The underlying economic objective of US military operations is the conquest, privatization and appropriation of the World’s reserves of fossil fuel. The Arctic is no exception. The Arctic is an integral part of the “Battle for Oil”. It is one of the remaining frontiers of untapped energy reserves.
The Arctic nations (with territories North of the Arctic circle) are Russia, Canada, Denmark, the US, Norway, Sweden, Finland and Iceland. The first three countries (Russia, Canada and Denmark) possess significant territories extending northwards of the Arctic circle.