probable large and possible giant oil and gas fields on the continental margin; manganese nodules, possible placer deposits, sand and gravel, fresh water as icebergs; squid, whales, and seals - none exploited; krill, fish
Natural hazards:
huge icebergs with drafts up to several hundred meters; smaller bergs and iceberg fragments; sea ice (generally 0.5 to 1 m thick) with sometimes dynamic short-term variations and with large annual and interannual variations; deep continental shelf floored by glacial deposits varying widely over short distances; high winds and large waves much of the year; ship icing, especially May-October; most of region is remote from sources of search and rescue
Environment - current issues:
increased solar ultraviolet radiation resulting from the Antarctic ozone hole in recent years, reducing marine primary productivity (phytoplankton) by as much as 15% and damaging the DNA of some fish; illegal, unreported, and unregulated fishing in recent years, especially the landing of an estimated five to six times more Patagonian toothfish than the regulated fishery, which is likely to affect the sustainability of the stock; large amount of incidental mortality of seabirds resulting from long-line fishing for toothfish
note: the now-protected fur seal population is making a strong comeback after severe overexploitation in the 18th and 19th centuries
Environment - international agreements:
the Southern Ocean is subject to all international agreements regarding the world's oceans; in addition, it is subject to these agreements specific to the Antarctic region: International Whaling Commission (prohibits commercial whaling south of 40 degrees south [south of 60 degrees south between 50 degrees and 130 degrees west]); Convention on the Conservation of Antarctic Seals (limits sealing); Convention on the Conservation of Antarctic Marine Living Resources (regulates fishing)
note: many nations (including the US) prohibit mineral resource exploration and exploitation south of the fluctuating Polar Front (Antarctic Convergence), which is in the middle of the Antarctic Circumpolar Current and serves as the dividing line between the cold polar surface waters to the south and the warmer waters to the north
Geography - note: