Antarctica is one of the last untouched regions on Earth. It’s rich in fisheries, minerals, and possibly even oil. While harsh conditions and international agreements keep it largely off-limits, countries are quietly positioning themselves for future competition over it.
A Frozen Continent Worth Billions
Antarctica contributes about $180 billion a year to the world economy through fisheries, tourism, and climate regulation. Exploratory surveys suggest the continent could hold over 500 billion barrels of oil, more than double Saudi Arabia’s reserves. Beyond that, the continent also has large mineral deposits, including gold, copper, and uranium.
Protected by the Antarctic Treaty
The Antarctic Treaty, signed in 1959, keeps the continent for peaceful scientific research. Today, nearly 50 countries are part of the treaty, which bans military activity and mining.
For now, sovereignty claims are frozen until 2048, and no new claims can be made before
...
Loading comments...