Do you think there is oil reserves in the North Pole? If there is, who has rights to it?

Question

I just read that for the first time in history the north pole will have open waters where ships can go through. All throughout history its been know to not have land, but a solid mass of ice. Each year the ice has become thinner and thinner through the southern months. What happens when there is no more ice at the north pole? Is it worth fighting for if it ever comes to that?

Answer 1

There are oil reserves around the frozen areas of the arctic circle. Russia has fairly recently been making a point of trying to claim that the area falls inside their territorial waters, even going to the length of sending a submarine to plant a Russian flag on the seafloor.

Is it worth fighting for? depends. In order to extract anything the area would ideally have to be ice free the whole year round so it's not likely for a while. I would say not but that doesn't necessarily mean people won't.

Answer 2

No way is it worth fighting for. Just like the other oceans and resources, it should be everyones. Who ever can promise and deliver the cleanest, most efficient way of removing the oil. But only if we have to.