The Northwest Passage
Someone recently posted that artic sea ice melting was nothing new and gave as evidence a story of someone being ablle to travel the Northwest Passage. As always there is a kernal of truth, but the "Northwest Passage has been effectively impassible until 1950, and barely passable until now when its opening is almost assured within a few years with 2006 being the first year that the passage was completely ice free in summer.
It was an interesting idea, with possible investing angles. Does anyone know if there are any shipping companys better positioned to benefit? I am not sure there is very much here. Any thoughts?
From the website geology.com
Commercial use of the Northwest Passage might be a very tiny benefit of global warming. Billions of dollars in transportation costs could be saved each year, in addition to time and energy resource use. Canada has the most to gain should the Northwest Passage become a viable shipping route. This will facilitate Canada's development of northern lands and provide an important economic and military possession if their claim to control is upheld.