Einar Benediktsson

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Iceland's long-isolated existence was broken by World War II and the Cold War when its strategic location at the gateway to the North Atlantic and the Arctic were key to the defense of NATO and the United States. But with the disintegration of the Soviet Union the island country seemed again to pass into irrelevance, and in 2006 the last American military aircraft were withdrawn from the Keflavik Air Base. Now the situation is changing again, as the melting north polar ice opens new ocean routes and access to vast natural resources.

According to a 2008 estimate by the U.S. Geological Survey, 13 percent of all the unexploited oil, 30 percent of natural gas and 20 percent of the natural gas liquid resources are located under the seabed of the Arctic.…  Seguir leyendo »