It's going to be interesting to see how this all affects trade, politics, agriculture, navigation... and even travel.
Talk about irony!Climate is changing the world’s economy as well as the environment, and the thawing of the polar ice is opening up the Arctic as never before, creating shipping routes and fishing grounds, promising tourism opportunities and, most lucratively, the exploitation of new oil and gas fields. Prospectors are pouring into the Arctic, and Hammerfest, once a tiny settlement on the outermost rim of the habitable world, has become the new Klondike. [continued]
http://www.timesonline.co.uk/article/0,,13509-2034643,00.htmlPut simply, the receding ice makes it far easier to find, drill and extract oil and gas. The Arctic Ocean is thought to contain at least a quarter of the world’s undiscovered reserves.