The Russians have made it to the Pole and are about to lay claim to all of the oil and natural gas it has to offer, obviously this isn't going to settle to good with the USA could another cold war going to be coming our way?
If the ruskies start pumping oil from the pole, it should help keep oil prices down. The U.S. isn't a communist country. We don't own our oil companies. They pump or buy oil and sell it to the highest bidder anywhere in the world. It doesn't really matter, then, which oil company or country drills the oil. It all gets dumped on the global market.
There's this bizarre assumption by Americans that what's good for U.S. based oil companies is good for Americans. This tragic believe is at the heart of our demise. Oil companies have no loyalty to any nation. They operate as sovereignties. In the U.S., these companies barely pay taxes.
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