The melting of the glaciers is changing geopolitical arrangements. In the Arctic, global warming is opening opportunities for the allocation of needed resources even to non-Arctic states. The region is indeed opening up to new power dynamics and competition as states propel their economic, military, and political claims. New powers, such as China and India, have joined the resources race; but what can they really gain from the frozen Arctic lands? And how will this affect the regional and global balance of power?