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
Tethys Ocean Western Tethys Ocean, or Paratethys or Alpine Tethys Ocean. The Black, Caspian, and Aral seas are thought to be its crustal remains, though the Black Sea may, in fact, be a remnant of the older Paleo-Tethys Ocean. The Western Tethys was not simply a single open ocean. It covered many small plates, Cretaceous island arcs, and microcontinents. Many small oceanic basins (Valais Ocean, Piemont-Liguria Ocean, Meliata Ocean) were separated from each other by continental terranes on the Alboran, Iberian, and Apulian plates. The high sea level in the Mesozoic flooded most of these continental domains, forming shallow seas. As theories