stylistic:tone
Geology

The crystalline basement rocks of mountains around the Arctic Ocean were recrystallized or formed during the Ellesmerian orogeny, the regional phase of the larger Caledonian orogeny in the Paleozoic Era. Regional subsidence in the Jurassic and Triassic periods led to significant sediment deposition, creating many of the reservoirs for current day oil and gas deposits. During the Cretaceous period, the Canadian Basin opened, and tectonic activity due to the assembly of Alaska caused hydrocarbons to migrate toward what is now Prudhoe Bay. At the same time, sediments shed off the rising Canadian Rockies built out the large Mackenzie Delta.

The rifting apart of the supercontinent Pangea, beginning in the Triassic period, opened the early Atlantic Ocean. Rifting then extended northward, opening the Arctic Ocean as mafic oceanic crust material erupted out of a branch of Mid-Atlantic Ridge. The Amerasia Basin may have opened first, with the Chukchi Borderland moved along to the northeast by transform faults. Additional spreading helped to create the "triple-junction" of the Alpha-Mendeleev Ridge in the Late Cretaceous epoch.

Throughout the Cenozoic Era, the subduction of the Pacific plate, the collision of India with Eurasia, and the continued opening of the North Atlantic created new hydrocarbon traps. The seafloor began spreading from the Gakkel Ridge in the Paleocene Epoch and the Eocene Epoch, causing the Lomonosov Ridge to move farther from land and subside.

Because of sea ice and remote conditions, the geology of the Arctic Ocean is still poorly explored. The Arctic Coring Expedition drilling shed some light on the Lomonosov Ridge, which appears to be continental crust separated from the Barents-Kara Shelf in the Paleocene and then starved of sediment. It may contain up to 10 billion barrels of oil. The Gakkel Ridge rift is also poorly understand and may extend into the Laptev Sea.