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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 ay - President Obama visited this week and ” wala: tree bin potty ‘ Sea more than 100 trillion both called for renewed climate strategy as é Sess hl : well as ramping up Coast Guard capabilities |. Es wuss Arctic Ocean to operate in the Arctic. Area leased Tazovskoye P oil and gas field North Pole dd ' - Russian President Putin has placed great emphasis on Russian military presence in the Arctic. China is also trying to lay claim Silas , to region as part of their never-ending os <Saceas wn potential ‘ A. + more than 100 trillion search for oll. ICELAND a |-» 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