Arctic's promise of diamonds to oil may well spark gold rush
As the tundra melts and reveals undiscovered resources, investors are trickling in, reports ISAAC ARNSDORF
Mon, May 05, 2014 - 6:00 AM
Not for those with cold feet: Climate change is making the Arctic's natural resources accessible for the first time, including about 22 per cent of the world's undiscovered oil and natural gas, the US Geological Survey estimates. - PHOTO: REUTERS
HUGH Short wants you to invest in an emerging economy with few people, fewer buildings, and which is melting at the fastest pace in millennia. He's talking about the Arctic, which Scott Minerd, the chief investment officer of Guggenheim Partners, calls "not just the best opportunity of our...