Trump-linked US Oil Company Prepares to Drill in Greenland Despite Lack of Final Approval
Greenlandic authorities have issued a strong warning after drilling equipment was brought ashore in Jameson Land, where a Texas-based company plans to explore for oil later this year. The project adds a new and potentially explosive dimension to the dispute over Greenland’s future.
All Things Nordic
Greenland Energy acquired the right to earn a majority stake in the project from British exploration company 80 Mile by funding the drilling programme. Under the agreement, Greenland Energy can obtain up to a 70% interest, while 80 Mile retains 30%. The potential resource is substantial. Company-backed estimates have suggested billions of barrels of prospective oil resources in the basin, although these figures refer to oil that has not yet been discovered and therefore carry considerable geological and commercial uncertainty. Greenland Energy’s own regulatory filings acknowledge that there is no certainty that the prospective resources will actually be discovered or that they would be economically or technically recoverable.
@PabloMartini So this is why Trump wants Greenland.
Prediction:
Trump's going to act as if USA owns Greenland, and no other government will dare to stand in his way.