whatyareckon

Still the playground of polar bears, the lands and waters north of the Arctic Circle are home to some of the world’s largest fish stocks, massive oil and gas resources, and an abundance of rare minerals that will become more accessible if Arctic temperatures rise, as northern sea routes are the shortest distance between Europe and Asia (and North America).

The Arctic is increasingly a major focus of military, political, and industrial competition. The Russian bear has roared at neighboring Finland and Sweden, claimed Alaska as its own, and launched major Arctic oil and gas exploration and production and coal mining projects.

Meanwhile, the leader of the free world has thwarted America’s commitment to oil and gas production as a revenue source for Alaskans. How big a loss is that? How much damage is the loss of oil and gas and minerals revenues blocked by the Biden Administration…