Natural Resources
See also: Natural resources of the Arctic, Territorial claims in the Arctic, and Marine mammalPetroleum and natural gas fields, placer deposits, polymetallic nodules, sand and gravel aggregates, fish, seals and whales can all be found in abundance in the region.
The political dead zone near the center of the sea is also the focus of a mounting dispute between the United States, Russia, Canada, Norway, and Denmark. It is significant for the global energy market because it may hold 25% or more of the world's undiscovered oil and gas resources.
Read more about this topic: Arctic Ocean
Famous quotes containing the words natural resources, natural and/or resources:
“The open frontier, the hardships of homesteading from scratch, the wealth of natural resources, the whole vast challenge of a continent waiting to be exploited, combined to produce a prevailing materialism and an American drive bent as much, if not more, on money, property, and power than was true of the Old World from which we had fled.”
—Barbara Tuchman (1912–1989)
“Men speak of natural rights, but I challenge any one to show where in nature any rights existed or were recognized until there was established for their declaration and protection a duly promulgated body of corresponding laws.”
—Calvin Coolidge (1872–1933)
“The poor tread lightest on the earth. The higher our income, the more resources we control and the more havoc we wreak.”
—Paul Harrison (b. 1936)