Saturday, June 30, 2007

Think He's Going To Build Vacation Condos Up There?

Vladimir Putin announced plans to take over 460,000 square miles of Arctic territory -- including the North Pole.

Russian scientists recently confirmed that the Lomonosov ridge, an underwater shelf that begins in Russian territory, continues underneath an enormous portion of the northern Arctic.
How big? Imagine a mass larger than France, Germany and Italy… combined.
Here’s the real kicker: If the international community can’t stop him, Putin and company will have access to over 10 billion tons of oil and gas that, according to his scientists, could be extracted easily. Ten billion tons… that would easily secure Russia’s spot as the No. 1 gas producer in the world, and catapult them it past Saudi Arabia as the No. 1 oil producer.

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