Russia Throws $4.8 Billion Into Eighth Continent Competition

Russia already has 40 icebreakers opening up new shipping lanes in the Arctic. (By comparison, the United States has just two.) Now it’s adding 15 more at a cost of $320 million apiece. That’s nearly $5 billion just to extend Russia’s lead in the developing “Eighth Continent.” You are receiving this email because you subscribed to Outsider Club. [Click here]( to manage your e-mail preferences. [Outsider Club logo] Russia Throws $4.8 Billion Into Eighth Continent Competition [Jason Simpkins Photo] By [Jason Simpkins]( Written Jul. 13, 2018 Russia already has 40 icebreakers opening up new shipping lanes in the Arctic. (By comparison, the United States has just two.) Now it’s adding 15 more at a cost of $320 million apiece. That’s nearly $5 billion just to extend Russia’s lead in the developing “[Eighth Continent](.” But as far as Russian President Vladimir Putin is concerned, the investment is well worth it. “This is perhaps the largest step forward in our developing of the Arctic,” Putin said in December “Now we can safely say that Russia will expand through the Arctic this and next century. This is where the largest mineral reserves are located. This is the site of a future transport artery that I am sure will be very good and efficient: the Northern Sea Route.” Indeed, Russia has long been eying Arctic riches. The U.S. Geological Survey estimates that 30% of the world’s untapped gas reserves (108 trillion cubic feet), 13% of its oil reserves (about 90 billion barrels), and $1 trillion in minerals rest in the Arctic region. And Russia has the strongest claim. [Summer 2018: Major Gold Reveal Coming]( A new development is about to expose one of the biggest gold finds in history. It’s remained hidden up until now. But that’s all about to change. This summer, the mine’s real wealth will be REVEALED. And there’s one $0.30 miner poised to soar to dizzying heights. [Click here for the full story.]( The plurality (nearly half) of the Arctic’s four million inhabitants live in the Russian Arctic, with the largest communities located in Murmansk and Norilsk. The Russian half of the Arctic is also becoming passable much more quickly than the U.S.-Canadian side. Temperatures even reached 90 degrees in northern Siberia earlier this year. This has given Russia first crack at Arctic development. It’s reopened abandoned Soviet-era military installations and begun building new ones. It’s added seaports and airfields. And its ships dominate the waters. Fully two-thirds of the ships passing through the Northern Sea Route fly the Russian flag. Virtually all of them are transporting resources. And last year, the Northern Sea Route Administration (NSRA) issued 662 permissions to vessels for navigation along the NSR, with just 107 going to non-Russian vessels. Now, Moscow aims to further extend its dominance. Russia’s new tankers will transport liquefied natural gas from Yamal LNG — a $27 billion gas plant 375 miles north of the Arctic Circle. [Volvo Ditches Gas Engines — Goes 100% Electric]( Volvo makes over 500,000 cars every year... and beginning next year, every single one of them will be electric. It's far from alone. VW is releasing 34 electric car models. Toyota, Honda, and GM are getting more electric every day. Even Ford is scaling up electric production. But this incredible shift is creating a tricky supply problem: these companies need never-before-seen quantities of electric battery materials. And one small mine is in the perfect position to fill these giant orders. It even has a one-of-a-kind contract to provide materials directly down the supply chain to Volvo. There’s a lot more to this story — [click here to find out more.]( In the winter, there’s zero sun for more than two months. Temperatures reach -13 degrees on land and -58 degrees at sea. However, the harsh hellscape also houses 44 trillion cubic feet of gas. Collectively, the 15 new icebreakers will carry 16.5 million tons of LNG a year — enough to supply half of South Korea’s annual consumption. They’ll travel west to Europe in the winter and east to Asia in the summer, moving through ice that’s up to seven feet thick. They are the widest gas carriers ever built, and each carries the same volume as about 1 million barrels of oil. The first tanker began operating in December. It was the first vessel to sail the NSR from Siberia to the Bering Strait, setting a time to beat of 6.5 days. Meanwhile, Russia’s state-controlled oil company, Rosneft, is already drilling the northernmost rig in the Russian Arctic shelf, while Gazprom Neft pumps Arctic oil from the Pechora Sea. Russia isn’t alone, of course. That’s what makes this a competition (albeit one Russia is handily winning). Seven other countries have stakes in the Arctic region. Those are Canada, Denmark, Norway, Finland, Iceland, Sweden, and the U.S. And China is using its economic might to intrude, as well. It only makes sense. The Arctic is the last untapped resource reserve on the planet. There are plenty of areas of opportunity — and all of them are massive. For example, one region in north British Columbia, east of Alaska, is now known as the “Golden Triangle.” It contains an estimated 130 million ounces of gold, 20 million tons of copper, and 800 million ounces of silver. Bank 1,000% on the Death of Comcast America’s most hated cable company is standing on its last leg. And it’s not because of terrible customer service or mediocre products. It’s because of a technological shift that’s scheduled to start in late-2018. It's a shift that could earn you 1,000% gains as three companies bring down big cable. [Click here for their ticker symbols.]( All told, that’s a $2 TRILLION windfall. In Alaska, there’s another site called the Pebble deposit. It holds 107 million ounces of gold. Combine these two areas, and you have more gold than has EVER been mined in all of human history. And that’s one of the few plays Russia can’t reach — though investors can. Indeed, our own Nick Hodge has found a small mining company that owns not just one but 12(!) of the Arctic’s richest sites. Two of them are located directly inside the “Golden Triangle.” It’s a huge find and the potential returns are more than promising. [So check out Nick’s latest report by clicking here]( and he’ll give you all the details. Fight on, [Jason Simpkins Signature] Jason Simpkins [follow basic]([@OCSimpkins on Twitter]( Jason Simpkins is Assistant Managing Editor of the Outsider Club and Investment Director of The Wealth Warrior, a financial advisory focused on security companies and defense contractors. For more on Jason, check out his editor's [page](. *Follow Outsider Club on [Facebook]( and [Twitter](. Enjoy reading this article? [Click here]( to like it and receive similar articles to read! Browse Our Archives [Lucky Number 27]( [Where's the Next Bull Market in Cannabis?]( [I’m Going To Keep Beating The Medical Marijuana Drum]( [Here Is What I Told My Readers]( [A Storm Is Coming]( Related Articles [Don’t Let Russia Steal Your Fortune]( [The Arctic is Melting – And Now There’s Money]( --------------------------------------------------------------- This email was sent to {EMAIL}. It is not our intention to send email to anyone who doesn't want it. 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