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Carl
Thursday, September 18th, 2008, 10:23 PM
Russia's Arctic energy plans herald a new Cold War

Telegraph 18/09/2008

During the Cold War, Moscow's leverage depended on its military might. Today, vast reserves of oil and gas, lying between the hungry markets of Europe and East Asia, have taken over that role.

The importance that Russia attaches to hydrocarbon diplomacy was underlined yesterday by President Dmitry Medvedev's call for a formal demarcation of the territory that it claims under the Arctic Ocean.

Its aggressive policy towards a region whose melting icecap offers access to possibly huge energy and mineral deposits was dramatically illustrated last year by the planting of a Russian flag on the seabed at the North Pole.

Any unilateral action by Moscow will be contested by America, Canada, Denmark and Norway, in particular with regard to the Lomonosov Ridge, which runs under the pole. The four should co-ordinate their policies before the deadline next year for submitting claims to the UN Commission on the Limits of the Continental Shelf.

And it is high time that America ratified the UN Convention on the Law of the Sea.

EU members likewise need to integrate their energy markets in order to discourage Russia from using its gas exports as a political weapon, as a report from the think tank Chatham House argues today.

The front line of the confrontation between Russia and the West has shifted from the North German Plain to the fossil fuel deposits that lie beneath Siberia and the Arctic.......

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Russia is however adjacent to much of the artic.....although not all of it !!:|

Jute
Friday, September 19th, 2008, 11:27 AM
Russia will do whatever it wants . Who will stand up to them?

"a new Cold War" :P