downwithdotcom1 - (1/15/2025 11:32:49 AM) RE:RE:RE:RE:Irving Oil no longer for sale
let me retort: fact, the refinery wasn't sold and the costs are too high, Trump running his mouth not withstanding...see below...dwdc
Greenland ends decades-long hunt for oil with ban on new licensing in 2021
A self-ruling territory of Denmark, Greenland gained full control of its subsoil resources in 2009.
Cairn Energy spent over $1 billion drilling a run of dud wells offshore Greenland early in the decade. BP, Chevron, ConocoPhillips, Eni, Equinor and Shell were granted exploration/exploitation licenses for Northeast Greenland in 2013. (and yet no activity since-my words)
At the time, drilling costs were estimated to be about $100 million per exploration well and $6 billion-$7 billion to develop an entire field.
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- the ODDS are INCREASING that Trump47 will be ABLE to SWING a DEAL with Greenland {ECONOMIC INVESTMENT for MILITARY CO-OPERATION} once as is 'LIKELY' that Greenland will GAIN their INDEPENDENCE from DENMARK in the NEAR FUTURE
- Trump Junior was WELL RECEIVED in a RECENT VISIT to Greenland
- Capricorn Energy FAILURE MEANS NOTHING as NEW SENSING & DRILLING TECHNOLOGY and a DIFFERENT LOCATION 'could' EASILY PROVE SUCCESSFUL ?
z173