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
Seven Seas those seas, and if someone had sailed the Seven Seas it meant he had sailed to, and returned from, the other side of the world. Before modern reckoning, the term "Seven Seas" has been used to refer to seven of the largest bodies of water in the world: Seven Seas The "Seven Seas" (as in the idiom "sail the Seven Seas") is an ancient phrase for all of the world's oceans. Since the 19th century, the term has been taken to include seven oceanic bodies of water: The World Ocean is also collectively known as just "the sea". The International