by Michael Snyder, The Economic Collapse Blog:
All of a sudden, everyone is talking about Greenland. Normally, Greenland is a place that is largely ignored by the rest of the world, but apparently Donald Trump is very serious about acquiring it. But what would that look like? If Greenland is made the 51st state, it would have as many U.S. Senators as the state of California. That could have very serious implications for the balance of power in Congress. And how would Greenland vote in U.S. presidential elections? Has anyone even considered that? Of course Greenland could become just another U.S. territory, but why would the citizens of Greenland want to become the next Puerto Rico? That certainly doesn’t sound very appealing. And why is Trump making such a big deal out of this anyway? Approximately 56,000 people live in Greenland, and 80 percent of it is covered in ice. So why does Trump want it so badly?
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Of course the truth is that it all comes down to natural resources.
In particular, Greenland has lots and lots of oil.
According to Wikipedia, Greenland “has some of the world’s largest remaining oil resources”…
Some geologists believe Greenland has some of the world’s largest remaining oil resources:[30] in 2001, the U.S. Geological Survey found that the waters off north-eastern Greenland (north and south of the Arctic Circle) could contain up to 110 billion barrels (17×109 m3) of oil,[31] and in 2010 the British petrochemical company Cairns Oil reported “the first firm indications” of commercially viable oil deposits.[32]
The U.S. consumes an average of approximately 20 million barrels of petroleum per day.
So 110 billion barrels is a serious amount of oil.
And it also turns out that the Chinese are very interested in the rare-earth elements that are buried under the dirt in Greenland. In fact, one particular area of Greenland is “home to one of the world’s largest undeveloped deposits of rare-earth elements outside of China”…
Kvanefjeld is home to one of the world’s largest undeveloped deposits of rare-earth elements outside of China. Seventeen elements, including scandium and yttrium, are buried deep underground there. They are used in everything from cell phones and wind turbines to electric cars. Mining advocates say tapping into them would be a major financial boon for Greenland.
Greenland Minerals Limited (GML), the Australian company developing the mine, said that the country would receive $240 million (€201 million) in taxes and royalties annually over the mine’s planned 37-year lifespan. GML’s biggest stakeholder is Shenghe Resources Holding, a Chinese rare-earths processing company.
It has been estimated that there are more than 38 million tons of rare earth deposits in Greenland.
So who will end up benefitting from those deposits?
Will it be the U.S. or will it be China?
On top of everything else, an extremely important U.S. military base is already located in Greenland…
Thule Air Base, already a vital U.S. military installation, provides early warning radar and monitors potential missile threats. Housing approximately 600 personnel, it plays a critical role in the U.S. missile defense network, covering threats across the northern hemisphere. Its strategic location enables unparalleled monitoring capabilities, reinforcing America’s defensive posture in the Arctic. Expanding this presence would fortify America’s Arctic strategy against rivals such as Russia and China, ensuring unparalleled leverage in the rapidly evolving Arctic theater.
If we lost that base, it would be an enormous strategic blow to the United States.
After considering all of the variables, Trump has decided that it is time for us to control Greenland.
In fact, he is threatening Denmark with very painful tariffs if they try to stand in the way…
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