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Could Arctic Ice Melt Spawn New Kind of Cold War? WASHINGTON - With oil above $100 a barrel and Arctic ice melting faster than ever, some of the world's most powerful countries -- including the United States and Russia -- are looking north to a possible energy bonanza. This prospective scramble for buried Arctic mineral wealth made more accessible by freshly melted seas could bring on a completely different kind of cold war, a scholar and former Coast Guard officer says.

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Could Arctic Ice Melt Spawn New Kind of Cold War?

WASHINGTON - With oil above $100 a barrel and Arctic ice melting faster than ever, some of the world's most powerful countries -- including the United States and Russia -- are looking north to a possible energy bonanza.

This prospective scramble for buried Arctic mineral wealth made more accessible by freshly melted seas could bring on a completely different kind of cold war, a scholar and former Coast Guard officer says.