Arctic resources race The Arctic consists of multiple sub-regions: Russian Arctic, Canadian Arctic, Greenland (Kalaallit Nunaat), Northern Alaska (USA), Svalbard(Norway), Iceland, Fennoscandia. In addition to these sub-regions, the Arctic Ocean and its multiple seas—Greenland Sea, Barents Sea, Kara Sea, Laptev Sea, East Siberian Sea, Chuckchi Sea, Beaufort Sea,etc.-- make the arctic a vast region with a variety of natural resources. The U.S. Geological Survey estimates that undiscovered oil and gas reserves in the Arctic amount to 22% of the world's total, about 412 billion barrels of oil. A Brookings Institution summary reported: The first offshore oil platform in the Arctic was Prirazlomnaya in
Shire of Kara Kara Shire of Kara Kara The Shire of Kara Kara was a local government area about northwest of Melbourne, the state capital of Victoria, Australia. The shire covered an area of , and existed from 1861 until 1994. Kara Kara was first incorporated as the St Arnaud Road District on 25 June 1861, which became a shire on 14 November 1864. It was renamed as Kara Kara on 20 October 1884. On 20 January 1995, the Shire of Kara Kara was abolished, and, along with the City of Stawell, the Town of St Arnaud, and parts of the Shires of Ararat,