Riches await as Earth icy north melts

Countries are fighting over their territories in the Arctic, the reason for that is the ice is melting and there is a race for oil, fish, diamonds, minerals and shipping routes.

The Arctic has twenty five percent of the world undiscovered oil and gas, where Russia estimated profits from their stake would be approximately two trillion dollars.

In 2005, Russia was the first to send an exploration vessel without an ice breaker help because it had a modernized design where it could break its way through the ice using its stern.

American transportation has bought an unutilized Northwest Passage, which was bought for a few dollars.

Few years ago, reports indicate that it would take one hundred years for the ice to melt although recent studies say that it may happen within ten to fifteen years, so the five countries are rushing to claim their territories and at the same time wanting to get a bigger portion.