The new frontier: Drilling in the Arctic and race with Russia and China
- Once cold and forbidding, climate change has allowed multiple countries to see it as a massive new and untapped region for natural resources and critically important geopolitical/military vantage point.
ey : “Prudhoe Bay- oil and gas field Ny
- President Obama visited this week and BY not A oe
P Sea more than 100 trillion both called for renewed climate strategy as é Sess hls . well as ramping up Coast Guard capabilities |. Gil ol suse
Arctic Ocean
to operate in the Arctic.
Arealeased Tazovskoye
P oil and gas field North Pole sd '
- Russian President Putin has placed great emphasis on Russian military presence in
the Arctic. China is also trying to lay claim ogi y
to region as part of their never-ending os << ac0as wn potential ‘ A. s more than 100 trillion
search for oll. ICELAND a L-» Cubic feet of natural gas
} and up to 10 billion
Norwegian — barrels of oil. Sea
Source: U.S. Geological Survey
Deutsche Bank Francis J. Kelly Global Public Affairs francis.j.kelly@db.com 25
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