Chilingarov and two other explorers are expected to plunge directly under the geographic North Pole, which lies in the middle of the Arctic Ocean, to a depth of 4,300 meters. They will dive down in a deepwater manned submersible "Mir," which was used to investigate the wreck of the "Titanic." On the seabed, Chilingarov and his colleagues will carry out several scientific experiments and install a special titanium capsule adorned with the Russian flag.
Kremlin Support
The Kremlin has given high priority to the expedition. Russian President Vladimir Putin has given Chilingarov the status of presidential envoy to the Arctic. All national television networks, including the 24-hour English-language news channel Russia Today, have sent teams for live coverage of the event.
The Arctic and Antarctica are the last vast untapped reservoirs of mineral resources on the planet. Underneath the Arctic Ocean, there are gigantic reserves of tin, manganese, nickel, gold, platinum, and diamonds. There are also huge fish stocks. Importantly, the nautical route along the Russian northern coastline is the shortest way from Europe to America and Asia.
Global warming in the Arctic region has increased the likely profitability of extracting mineral resources.
But the Arctic's most lucrative treasure is the enormous deposits of oil and gas, which could amount to 25 percent of the world's resources.
With growing demand on the world energy market -- particularly the rising consumption of China and India -- these resources are likely to be the source of international competition in years to come, particularly among the Arctic littoral states of Russia, Norway, Denmark, Canada, and the United States.
Global warming in the Arctic region has increased the likely profitability of extracting mineral resources. As the ice pack melts, tanker shipment of oil becomes more feasible.
Shelving The Issue
The competition for resources will be more acute because of the unresolved status of the Arctic shelf.
In 1926, the Soviet government claimed the whole Arctic sector adjoined to the Russian polar coast. This is a gigantic triangle that begins at the former western border of the USSR, stretches to the middle of Bering Strait, and has its apex at the North Pole. However, no country has recognized this delineation. Under international law, the Arctic region is no man's land.
Artur Chilingarov outside the nuclear-powered icebreaker (TASS) Russia ratified the UN Convention on the Law of the Sea (UNCLOS) in 1997. Under the convention, coastal states have the right to 12 nautical miles of territorial water from their coasts and exclusive economic rights to a 200-mile economic zone. But the delineations are complicated by undersea shelves. If the shelf is longer than 200 miles, the coastal state still has the rights for the mineral resources.
By ratifying the UN convention, Russia did not uphold the Soviet Union's Arctic claims. But now the Kremlin is trying a new tack.
The Kremlin is attempting to show that the Eurasian continental shelf extends beyond the 200-mile zone. That can be done by showing that the shelf is a continuation of the Eurasian continent. And that is precisely the goal of the present Russian North Pole expedition, who are trying to prove that the underwater Lomonosov Ridge is a geological extension of Siberia.
In 2002, a UN committee that administers UNCLOS did not uphold the Russian claim filed in December 2001 on the extension of the continental shelf, saying it proved insufficient and more research was needed. UN scientists said that, according to Russia's argument, the Lomonosov Ridge could also be seen as an extension of Greenland or Canada. (In fact, Danish and Canadian scientists are both working on proving their own claims that the ridge is an extension of their continental shelves.)
http://www.rferl.org:80/featuresarticle/2007/07/a77e4113-9695-4dfe-bcf5-3466ffe65b1f.html
[Proofreader's note: this article was edited for spelling and typos on July 30, 2007]
Note: http://www.rferl.org:80...

Isn't that an oxymoron? Global warming "allows" extraction of fossil fuels. One may wonder just who is leading the bandwagon and what is the bandwagon. Obviously the profits from fossil fuels is the biggest bandwagon of them all. No sacrifice is to big.
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Expect little from life and get more from it.
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Perception is two thirds of what we perceive reality to be.
Difficult decisions are a privilege of rank.
-Max Planck<br />
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