Mineral Resources
A large oil reserve, estimated to contain 200 to 300 million barrels of recoverable oil equivalents, was discovered by Statoil, the Norwegian state oil company and announced in January 2012.
Read more about this topic: Barents Sea
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“Nor is any evidence to be found, either in History or Human Nature, that nations are to be bribed out of a spirit of encroachment and aggression, by humiliations which nourish their pride, or by concessions that extend their resources and power.”
—James Madison (1751–1836)