Who Owns the North Pole?

The last two summers have shown unprecedented melting of the arctic icecap, and for the first time in known history the Northwest passage was open in 2007. This event repeated itself in 2008, and northern powers are scrambling for sovereignty. Since less sea ice means easier access to many natural resources, including fisheries, oil and natural gas deposits, and of course the shipping lanes, shorter routes which could save shipping companies billions in fuels costs.

Denmark is one of the latest to stake its claim, considering that its partial sovereignty over Greenland would place its territory at one of the closest points to the geographical steeple of the world.