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Natural Resources of the Arctic Circle Revealed


Natural Resources of the Arctic Circle Revealed

Following an assessment of natural resources north of the Arctic Circle, researchers say that a full 30% of the world's undiscovered natural gas and 13% of its undiscovered oil could be found there. The research published in the latest edition of Science indicates that estimated Arctic oil reserves are relatively small compared to the known reserves in major petroleum exporting countries, so the researchers do not anticipate a major shift in the world's oil trade. However, they do expect the location and volume of predicted natural gas reserves inside the Arctic Circle to primarily benefit Russia. .


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