In recent years, there has been considerable interest in the Arctic as a source for resources, as a potential zone for commercial shipping, and as a region that might experience conflict due to its strategic importance. With regards to energy resources, some studies suggest that the region contains upwards of 13 percent of global undiscovered oil, 30 percent of undiscovered gas, and multiples more of gas hydrates. The decreasing amount and duration of Arctic ice cover suggests that extraction of these resources will be increasingly commercially viable. Arctic and non-arctic states wish to benefit from the region's resources and the potential circum-polar navigation possibilities. This has led to concerns about the environmental risks of these operations as well as the fear that competition between states for resources might result in conflict. Unresolved offshore boundaries between the Arctic states exacerbate these fears. Yet, the risk of conflict seems overstated considering the bilateral and multilateral steps undertaken by the Arctic states to resolve contentious issues. This article will examine the potential impact of Arctic energy resources on global security as well as the regional environment and examine the actions of concerned states to promote their interests in the region.
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