War with Russia?

Iraq doesn't have nearly as much oil/gas as the Arctic is estimated to contain.
http://www.wtop.com/?nid=105&sid=1323961

Or war with Denmark or Canada?

The devil is in the details:

About 100 scientists aboard the Akademik Fyodorov are looking for evidence that the Lomonosov Ridge -- a 1,240-mile underwater mountain range that crosses the polar region -- is a geologic extension of Russia, and therefore can be claimed by it under the U.N. Convention on the Law of the Sea...

...Denmark hopes to prove that the Lomonosov Ridge is an extension of the Danish territory of Greenland, not Russia. Canada, meanwhile, plans to spend $7 billion to build and operate up to eight Arctic patrol ships in a bid to help protect its sovereignty.

http://www.cnn.com/2007/WORLD/asiapcf/08/01/arctic.grab.ap/index.html

I guess the idea is to cover your claim as soon as possible.