25 Dec '11, 12pm

Concerns Raised After Oil Rig Sinks In Arctic Ocean

Concerns Raised After Oil Rig Sinks In Arctic Ocean

Concerns Raised After Oil Rig Sinks In Arctic Ocean December 25th, 2011 BY VeganVerve | No Comments It is estimated that upwards of twenty-five percent of the planet’s oil and natural gas deposits reside under the Arctic Ocean. As the Arctic loses sea ice coverage and becomes easier to maneuver, many nations residing along the Arctic are battling for jurisdiction rights. Russia, Denmark, Canada, Norway and the United States are included in the battle. Russia took the step of planting a Russian flag on the Arctic Ocean floor four years ago to assert their claims. Russia is highly interested in the oil and natural gas deposits available in the area as the world’s largest oil producer. However, their oil reserves in some parts of the country are being depleted, leading them to attempt to find sources elsewhere. Currently only two percent of Russian oil comes from offshore dri...

Full article: http://www.aboutmyplanet.com/black-gold/concerns-raised-a...

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