Frozen assets take on a whole new meaning when it comes to considering the purportedly huge oil and gas reserves in the Arctic Ocean region. The prize is potentially enormous but so are the obstacles blocking the route to successful exploitation, of which the environmental/climate challenges, available technology and the remoteness from markets are the most obvious. The region as a whole also has some fundamental sovereignty issues to resolve between the competing claims of Russia, the USA, Canada, Denmark and Norway which could take decades to sort out.
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