Archive for the ‘denmark’ tag
The Kuwait of… Oil #
This is interesting:
Greenland’s [increasingly independence-minded] government, using US Geological Survey data among others, says that the mean estimates for its oil reserves is about 50 billion barrels. That number is a bit abstract, so I did some math: The island has about 56,000 people, and if things go as they appear to be going, it will be an independent country some time in the next couple of decades. That means each Greenlander will own about 900,000 barrels of oil.
That is more per capita than any oil-rich country you’ve heard of. But, it’s largely unverified — no oil has been found in Greenland — and is less than a fifth of the total reserves of Saudi Arabi. If these estimates are accurate, Greenland would be between Russia and Libya, a few spots down from Kuwait, in total reserves.
(via Passport)