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The Northwest Passage

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January 18, 2010 – Comments (3)

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.

3 Comments – Post Your Own

#1) On January 18, 2010 at 3:21 AM, FleaBagger (28.98) wrote:

One of many benefits of various sizes.

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#2) On January 18, 2010 at 6:45 AM, devoish (98.31) wrote:

Flea?

What other benefits do you see?

I know  some people talk about extended growing seasons, but with short winter days and less winter sunlight I am not sure how far north this extended growing season goes?

I know there is enough sunlight to grow in Maine in the winter if you heat a greenhouse, but how much further?

The benefit of less heating in the North will be more than offset by more cooling expenses and the South is going from warm to worse.

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#3) On October 05, 2011 at 9:49 PM, firenze1 (86.30) wrote:

this is a reality  http://www.nasa.gov/multimedia/videogallery/index.html?media_id=114408271

 

i just popped out here with the same question devonish although I am asking it 20 mths later than you did!  Way to be thinking!  I am impressed.  Are you in the geology field?

 I wish someone knew the answer.  Have you figured out the answer to your question yet?   

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