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Author Topic: Diamonds to oil bring gold rush dreams to melting Arctic Back to Topics
aservant

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California

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Message Posted: Apr 30, 2014 12:04:08 AM

Hugh Short wants you to invest in an emerging economy with few people, fewer buildings, and which is melting at the fastest pace in millennia.

He’s talking about the Arctic, which Scott Minerd, the chief investment officer of Guggenheim Partners LLC, calls “not just the best opportunity of our generation, but of the last 12,000 years.” Short, a native of Alaska, said Pt Capital LLC, which he co-founded last year, is the first and only U.S. private-equity firm dedicated to investing in the Arctic.

Short, 41, is attempting to raise $250 million for the firm’s first fund by year-end. The ex-mayor of the frontier town of Bethel and former head of Alaska’s state investment arm plans to leverage his local connections and financial experience to develop the Arctic’s resources for the people
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REPLIES (newest first) Post a Reply
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grab4it
Champion Author Fort Worth

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Message Posted: May 1, 2014 1:38:59 PM

Good
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grab4it
Champion Author Fort Worth

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Message Posted: May 1, 2014 1:37:08 PM

Good
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grab4it
Champion Author Fort Worth

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Message Posted: May 1, 2014 1:32:25 PM

Good
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grab4it
Champion Author Fort Worth

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Message Posted: May 1, 2014 1:31:30 PM

Good
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tigreme
Champion Author Maine

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Message Posted: May 1, 2014 10:07:38 AM

Greed will trump responsibility.
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bston
Champion Author Oklahoma City

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Message Posted: May 1, 2014 9:28:14 AM

whatever floats your boat!
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abacus44
Champion Author Toms River

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Message Posted: May 1, 2014 2:49:57 AM

OK
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gasmask78
Champion Author Virginia

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Message Posted: May 1, 2014 12:23:19 AM

I'll donate .02 and an old cat hairball.
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RogerB
Champion Author Indianapolis

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Message Posted: May 1, 2014 12:21:14 AM

Very interesting . . .
             
             
                √

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Mowerman08
Champion Author Milwaukee

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Message Posted: May 1, 2014 12:16:47 AM

and maybe Greenland will be green again
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Aviator_Rob
Champion Author New York

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Message Posted: May 1, 2014 12:09:47 AM

"Watch out I heard Russia want the Arctic. "

Russia wants the whole planet but China wants it for themselves, too.
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Aviator_Rob
Champion Author New York

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Message Posted: May 1, 2014 12:08:29 AM

"The Russians, for example, already see the economic potential of the Arctic and are exploiting it for minerals, oil, etc.... "

May the whole Russian navy sink up there.
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Aviator_Rob
Champion Author New York

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Message Posted: May 1, 2014 12:07:04 AM

"Drill Baby, Drill! "

Translation: Export, baby, export!
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Mikeyl
Champion Author Cleveland

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Message Posted: May 1, 2014 12:06:34 AM

It's a whole new world out there...
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Aviator_Rob
Champion Author New York

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Message Posted: May 1, 2014 12:06:26 AM

"I hear the artic is not melting, just the opposite. "

And in what insane part of the Internet did you read that?
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Aviator_Rob
Champion Author New York

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Message Posted: May 1, 2014 12:05:37 AM

Drilling in the arctic... Because your oil should come from someplace beautiful.
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ManOfLeisureII
Champion Author Philadelphia

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Message Posted: May 1, 2014 12:05:28 AM

Send us a postcard.
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DustyHorse
Champion Author Virginia

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Message Posted: May 1, 2014 12:03:01 AM

I'll pass thank you very much.
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skb69sa
Champion Author San Antonio

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Message Posted: Apr 30, 2014 11:45:14 PM

Okay
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GasaHawg
Champion Author Texas

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Message Posted: Apr 30, 2014 9:29:36 PM

I hear the artic is not melting, just the opposite.
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JMW1942
Champion Author Michigan

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Message Posted: Apr 30, 2014 9:29:05 PM

Wow.
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F81M
Champion Author Indiana

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Message Posted: Apr 30, 2014 9:23:05 PM

?
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radbadtz
Champion Author Halifax

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Message Posted: Apr 30, 2014 5:47:14 PM

Drill Baby, Drill!
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Yooperheart
Champion Author Michigan

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Message Posted: Apr 30, 2014 3:53:40 PM

I'll stay pat for now.
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SkooterG
Champion Author Phoenix

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Message Posted: Apr 30, 2014 2:55:00 PM

The new gold rush?
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captcarl5
Champion Author Pennsylvania

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Message Posted: Apr 30, 2014 1:46:56 PM

good old wild alaska
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GCmennorunner
All-Star Author Missouri

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Message Posted: Apr 30, 2014 1:29:16 PM

Good luck in the frozen north.
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CorvairHaven
Champion Author Cleveland

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Message Posted: Apr 30, 2014 9:40:08 AM

Everyone wants to make a buck.
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Goatroper
Champion Author Dallas

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Message Posted: Apr 30, 2014 9:00:07 AM

And when it freezes over again?
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Buck_on_Bass
Champion Author Tennessee

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Message Posted: Apr 30, 2014 8:41:26 AM

A different prospective on exploiting the resources in the arctic.
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sljbc475
Champion Author Tucson

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Message Posted: Apr 30, 2014 8:33:48 AM

Arctic oil is there but very expensive to drill.
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pleinyeux
Champion Author Montreal

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Message Posted: Apr 30, 2014 8:31:59 AM

black gold loll
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UglySean
All-Star Author New York

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Message Posted: Apr 30, 2014 8:26:06 AM

I'm in! Where do I sign my pennies away?
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EnviroChemist
Champion Author Oklahoma

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Message Posted: Apr 30, 2014 8:08:28 AM

Interesting article.
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Wally3023
Champion Author Pennsylvania

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Message Posted: Apr 30, 2014 8:02:50 AM

Good to know. Very informative.
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doeslayersr
Champion Author Illinois

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Message Posted: Apr 30, 2014 7:56:56 AM

Interesting for those willing to take the risks.
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wrunner
Champion Author Virginia

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Message Posted: Apr 30, 2014 7:46:17 AM

A risky investment in a risky land.

Risk big for a big risky gain.

Proceed at your own risk.
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SiebsWI
All-Star Author Wisconsin

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Message Posted: Apr 30, 2014 7:45:14 AM

Interesting
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CarefulDriver
Champion Author Ann Arbor

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Message Posted: Apr 30, 2014 7:41:21 AM

It's way too cold for me.
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WestDriver
Champion Author Grand Rapids

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Message Posted: Apr 30, 2014 7:40:39 AM

Most investments go broke. But some make a lot of return. Hope this one goes.
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335d1
Champion Author Virginia

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Message Posted: Apr 30, 2014 7:28:14 AM

OK
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pscamp
Champion Author Ottawa

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Message Posted: Apr 30, 2014 7:07:37 AM

Sigh...
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NotTom
Champion Author New Hampshire

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Message Posted: Apr 30, 2014 7:05:03 AM

ok
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dwg6392
Champion Author Maryland

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Message Posted: Apr 30, 2014 6:58:45 AM

Somebody is going to make a lot of money off of this.
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bar1035
Champion Author Charlotte

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Message Posted: Apr 30, 2014 6:55:19 AM

Good luck with that
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skippypa
Champion Author Hawaii

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Message Posted: Apr 30, 2014 6:13:57 AM

ok
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gypsymom3
Champion Author New Jersey

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Message Posted: Apr 30, 2014 6:06:29 AM

ok
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rte3tdi
Champion Author New Hampshire

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Message Posted: Apr 30, 2014 5:57:08 AM

And this will lower gas prices, right?
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BobFang
Champion Author Cincinnati

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Message Posted: Apr 30, 2014 5:54:58 AM

He probably has a bridge he will be willing to sell to us too.
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dar 1
Champion Author Michigan

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Message Posted: Apr 30, 2014 5:54:16 AM

Risky..................
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ostrichNV
Champion Author Austin

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Message Posted: Apr 30, 2014 5:53:20 AM

He's a smart guy.

The Russians, for example, already see the economic potential of the Arctic and are exploiting it for minerals, oil, etc....
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