Arctic oil

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Russia Stakes Claim to Oil-Rich Arctic Territory

Kremlin claims underwater shelf links huge chunk to Russia

(Newser) - Russia has claimed a massive, oil-rich chunk of the Arctic, despite international laws that block ownership of the territory. The Kremlin based its move on scientists' insistence that an underwater shelf links Russia to 460,000 square miles of the North Pole, which contains 10 billion tons of oil and...

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