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How Rich is Greenland? The Island Beneath the Ice May Hold Minerals and Oil Worth Trillions The scale of Greenland’s hydrocarbon potential and mineral wealth has stimulated extensive research by Denmark and the US into the commercial and environmental viability of new activities like mining. The US Geological Survey estimates that onshore northeast Greenland (including ice-covered areas) contains around 31 billion barrels of oil-equivalent in hydrocarbons – similar to the US’s entire volume of p
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