Scientists Just Found OIL WEALTH Under Antarctica's THICK Ice - The Secrets of Antarctica Revealed

The Primest, $50 Trillion Was Just Found Under Antarctica, antarctica, antarctic treaty, oil, antarctic oil, petroleum, russia finds oil, us antarctic , who owns Antarctica, found in Antarctica, discovered in Antarctica, mysterious discoveries, What's Hidden Under the Ice of Antarctica?, What's Hidden Under Antarctica?, Mysteries Beneath the Ice: The Secrets of Antarctica, graham hancock, terrifying discovery, scientists announced, terrifying discoveries, antarctica documentary, this discovery in africa scares scientists, scientists terrifying new discovery under antarcticas ice, arctic circle, What's Under The Ice In Antarctica?, ice, in Antarctica, under ice in Antarctica, Pyramids Found Beneath Antarctic Ice$50 Trillion Was Just Found Under Antarctica
Antarctica is the only continent where mining has never occurred, despite having valuable underground resources. This is mainly due to the Antarctic Treaty, which reserves the continent for peaceful and scientific purposes. Article 7 of the Madrid Protocol specifically bans any mineral resource activities. While this ban isn't a law, Antarctica has no government to enforce such laws.The treaty states that no country can assert, support, or deny territorial claims in Antarctica, effectively freezing all claims forever.
Despite the Antarctic Treaty, there were still arguments over who really owned parts of Antarctica.
Surveying the land, especially what's underneath, was a key way to protect claims. Geological research was valuable for scientists and provided strong incentives for countries to fortify their presence. For example, New Zealand tried to survey the Ross Dependency in the late 1950s but found nothing notable. The 1973 oil crisis, when OPEC countries boycotted selling oil to various Western nations, increased interest in finding stable oil supplies, sparking speculation about Antarctica's potential resources.
The U.S. drilled over 50 sites in Antarctica to see if they could find and secure oil supplies. more than 50 nations signed the treaty, some for research and others hoping to secure mineral rights.
Questions arose about who had the right to profit from any discovered resources. Was it the one who dug it up, the one who found it first, or the one with the territorial claim? New Zealand mining companies lobbied for exclusive rights to prospect and extract minerals. Mon-treaty countries any discovered resources should shared for the benefit of all, to help equalize the natural resources among nations. Extracting minerals from Antarctica was acceptable, the benefits should be distributed more equally.
In 1988, the Convention on the Regulation of Antarctic Mineral Resources Activities (CRAMRA) took place in Wellington to address these issues.
The Convention on the Regulation of Antarctic Mineral Resource Activities (CRAMRA) in 1988 wasn't meant to stop mining but to regulate it. It provided a framework for how nations could explore and exploit the continent without harming the environment and how profits would be shared between miner and claimant nations. The idea was that if the desire to mine was strong, it was better to regulate it than ban it outright.
Protocol on Environmental Protection, known as the Madrid Protocol, was signed. This protocol aimed to ban mining, keep Antarctica clean, and preserve it for peaceful purposes with strict rules and protocols. When it took effect in 1998, all mineral activities and mining were banned in Antarctica.
Despite the ban, the Antarctic Treaty is now being questioned. Russia has found over 500 billion barrels of oil under the Antarctic Peninsula, which is almost twice Saudi Arabia's reserves and over 14 times what the U.S. has. At $100 a barrel, this could be worth $50 trillion. Besides oil, Antarctica has deposits of coal, iron, gold, silver, boron, phosphorus, uranium, and copper.
Russia is the only country actively surveying for minerals in Antarctica, under the guise of geological research, which skirts the Antarctic Treaty's ban on mineral prospecting. A 2021 Russian government report outlines a plan to study the continent's geological structures and assess its mineral potential by 2030. The state-owned company Rosgeo discovered a massive oil deposit.
The Madrid Protocol bans mining in Antarctica and doesn't expire, but in 2048, countries can call for a discussion to amend or scrap the rules. Countries like China and India, major importers of crude oil,
//RUclips MONEY MAKER ACADEMY 2.0:
Learn EXACTLY how to get your first 50,000 subscribers on RUclips and make an ONLINE INCOME: bit.ly/3NFBIrI GET 10% OFF WITH CODE "10OFF"
//TOOLS I USE:
○ Keyword research tool for RUclips (TubeBuddy) - www.tubebuddy....
//SUPPORT:
Please Subscribe! : bit.ly/3jCKLtQ
Support our channel and get special perks by pressing bit.ly/46oUQ79 "JOIN" button, Thank you it means a lot :)

[@Haudenosaunee22]

Looks like those penguins could use some freedom!!!

[@theprimest]

#freethepenguins lol 😂

[@Babylon_Fallin]

8:26 so 🇹🇷 is 🇨🇳 now

[@theprimest]

Nice little blooper for you 😂

[@Babylon_Fallin]

@@theprimest aight imma let it 🛝 since you replied to my comment 😂👍✌️

[@RH4DZK1LL4H]

The China Map is wrong

[@igorpetrovic6994]

turkye

[@strike._]

8:25 China has a very cool new flag....... TÜRKIYE

[@theprimest]

You found the blooper nice 😂