Arctic National Wildlife Refuge Oil Deposits

The Arctic National Wildlife Refuge is a wildlife refuge in the Alaskan region in the USA. It is the largest wildlife reserve in the USA. USA holds oil rights in an area called ‘1002 area’ in the coastal plains. The Arctic oil is a source of new rivalries among the countries and this has been termed ‘New Cold War’. The US administration is set to sell its oil drilling rights in the controversial oil deposit site before the next US president takes office.