Why Trump Wants Greenland So Badly—What's Under The Ice Could Explain It

President Donald Trump‘s tendency to bargain Greenland sounded similar a geopolitical punchline, astatine first. After all, Denmark inactive oversees the island’s overseas affairs and defense. Then Trump’s comments became a hard-line policy, 1 that makes Greenlanders uneasy.

Under the island's immense crystal expanse lies what immoderate geologists accidental is 1 of the world's largest undeveloped petroleum systems. And successful an epoch of fragile lipid proviso chains and geopolitical chokepoints, that benignant of assets imaginable abruptly looks little eccentric—and acold much strategic.

The planetary lipid marketplace remains heavy babelike connected a fistful of fragile transit routes, astir notably the Strait of Hormuz, wherever astir one-fifth of planetary seaborne crude passes each day. As volatility ripples done the lipid market, investors often way the assemblage done funds similar the Energy Select Sector SPDR Fund, the United States Oil Fund, and the SPDR S&P Oil & Gas Exploration & Production ETF, which thin to determination rapidly erstwhile proviso risks propulsion crude prices higher.

Don't Miss:

• Fast Company Calls It a ‘Groundbreaking Step for the Creator Economy' — Investors Can Still Get In astatine $0.85/Share

• Explore the Fire-Safe Energy Storage Company With $185M successful Contracted Revenue

Robert Price, CEO of March GL and incoming main of Greenland Energy Company, argues that specified chokepoints exposure a deeper structural problem.

"Markets respond to headlines, but they often underestimate however fragile planetary vigor flows truly are," Price said. Western economies stay profoundly babelike connected politically volatile regions for lipid supply, helium added—making caller reserves successful unchangeable jurisdictions progressively valuable.

That's wherever Greenland, possibly to its dismay, enters the conversation.

According to Price, the Jameson Land Basin successful eastbound Greenland could clasp astir 13 cardinal barrels of lipid assets potential, based connected autarkic geological evaluations. If adjacent a fraction of that estimation proves recoverable, it would fertile among the largest undeveloped onshore petroleum systems successful the Arctic.

Trending: Own the Characters, Not Just the Content: Inside a Fast-Growing Pre-IPO IP Company

Price says the basin stands retired not conscionable for its size, but for however overmuch groundwork has already been done.

More than $275 cardinal successful humanities exploration and seismic studies person mapped the region, identifying implicit 50 imaginable drilling targets. The basin besides shows earthy lipid and state seeps with biomarker signatures akin to those recovered successful prolific fields successful the Norwegian assemblage of the North Sea.