Global Arctic: Oil & Gas Exploitation

This lecture delves into the exploration and exploitation of oil, gas, and coal resources in the Arctic region. It covers the proven and prospective reserves, advantages, drawbacks, and determining factors influencing future exploitation. The presentation also discusses the environmental concerns, current production statistics, and the economic impacts on the Arctic region, emphasizing the importance of Arctic onshore oil and gas resources for Russia and the US. The lecture concludes by highlighting the evolving approaches of governments and investors towards Arctic resources, which are contingent upon various factors like prices, demand, technologies, and international policies.