The Arctic is often thought of as a pristine playground for various cuddly or majestic species, constantly on the verge of total spoliation by oil barons and seal-clubbers. But there’s much more to the story: the hydrocarbon-rich region is the focus of a complex conflict between Russia, the U.S., and China. And while a chilly macro environment and serious political risk plague any approach to investing in Arctic enterprises, that doesn’t mean success is impossible — especially given the buildup of military forces by hegemonic powers in the region.
With President Obama’s media-flooded trip to the Arctic Circle in September, the cold but hotly contested region enjoyed a surge in the level of attention it generally recieves. This heightened scrutiny was indeed deserved, but for reasons far more compelling than a …
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Sam Munson is managing editor of The Octavian Report.