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- Dec 20, 1997
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- Yacolt, WA
Iraq doesn't have nearly as much oil/gas as the Arctic is estimated to contain.
President Vladimir Putin on Thursday granted "hero" awards to scientists backing Russia's claim to a mountain range under the Arctic Ocean that is believed to contain huge oil and gas reserves.
The scientists planted a Russian flag under the North Pole ice in August as part of an Arctic expedition that heated up the controversy over an area that a U.S. study suggests may contain as much as 25 percent of the world's undiscovered oil and gas.