Trump says "massive" oil, gas and mineral exploration in Greenland is "getting ready to begin"
Updated on: October 14, 2026 / 1:33 AM EDT / CBS News
TL;DR
- Massive oil, gas, and mineral exploration is preparing to begin in Greenland.
- Experts suggest Greenland has far greater easily available oil reserves than almost any land on Earth.
- Greenland's strategic location is crucial for U.S. defense, providing time, location, and sightline.
- A new security agreement between the U.S., Greenland, and Denmark allows for expanded U.S. military presence and access.
- The agreement includes mentions of resource extraction and minerals cooperation.
- The U.S. can expand the Pituffik Space Base and establish additional bases.
- The deal blocks non-NATO countries from establishing bases on the island without agreement.