Arctic drilling race highlighted with mentions of Obama, Putin, and China

The new frontier: Drilling in the Arctic and race with Russia and China - Once cold and forbidding, climate change has allowed multiple countries to see it as a massive new and untapped region for natural resources and critically important geopolitical/military vantage point. ey : “Prudhoe Bay- oil and gas field Ny - President Obama visited this week and BY not A oe P Sea more than 100 trillion both called for renewed climate strategy as é Sess hls . well as ramping up Coast Guard capabilities |. Gil ol suse Arctic Ocean to operate in the Arctic. Arealeased Tazovskoye P oil and gas field North Pole sd ' - Russian President Putin has placed great emphasis on Russian military presence in the Arctic. China is also trying to lay claim ogi y to region as part of their never-ending os << ac0as wn potential ‘ A. s more than 100 trillion search for oll. ICELAND a L-» Cubic feet of natural gas } and up to 10 billion Norwegian — barrels of oil. Sea Source: U.S. Geological Survey Deutsche Bank Francis J. Kelly Global Public Affairs francis.j.kelly@db.com 25 HOUSE_OVERSIGHT_026819