Is Greenland’s Oil Really Worth It?
Greenland Energy and 80 Mile PLC plan two onshore wells in Greenland’s Jameson Land by the summer of 2026, the first exploration wells since 2011.
Independent estimates put unrisked recoverable resources in Greenland at ~4 billion barrels, with ~1.2 billion barrels targeted by the initial wells.
The project’s revival coincides with renewed U.S. strategic interest in Greenland, despite the contested island’s post-2021 ban on new oil licensing
That’s because of what’s going on in Iran, and you that. Trump is threatening to bomb again.Anonymous wrote:It doesn't work at current prices, but maybe at $80+ oil. Which btw, oil is quietly making higher highs and higher lows so he probably bottom ticked it.
Anonymous wrote:I’m not surprised that Trump had no idea about the economics of Vz oil. But this action was planned by dozens of advisors and staff from the White House, State Department, and DOD who were smart enough to know it was a waste of money. And nobody said anything. This really is the Emperor’s New Clothes.