Arctic Oil: The good and bad

First, the good news. On Sept. 15, Russian Foreign Minister Sergei Lavrov and Norwegian Foreign Minister Jonas Gahr Store signed an agreement in Murmansk that resolves the long dispute between the two countries over their Arctic seabed.

Gwynne Dyer
Published: Wednesday, 09/15/2010 12:00 am EDT

First, the good news. On Sept. 15, Russian Foreign Minister Sergei Lavrov and Norwegian Foreign Minister Jonas Gahr Store signed an agreement in Murmansk that resolves the long dispute between the two countries over their Arctic seabed. So there will be no military confrontation in the Barents Sea between Russia and Norway, a NATO member, over who owns which part of the seabed, even if oil is discovered there.

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