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Ultimately, does China or Russia (or the USA or Chile or someone else) stand to benefit the most from Antarctica?

Everyone is staking their claim to Antarctica these days; China just built its fourth research base there, which is shaped like a lantern. China’s now spending about $55 million per year on the Antarctic; 15-20 years ago, they were spending $20… Continue Reading

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Shell makes a thing that’s bigger than the Empire State Building, and Australia may benefit ultimately

Shell put its Prelude FLNG — the four letters stand for “floating liquefied natural gas” — out of dry dock and into waters off Geoje, South Korea today. It’s the largest vessel in the world now, although it’s really more of… Continue Reading