The U.S. Geological Survey estimates that waters off northeastern Greenland have up to 110 billion barrels of untapped oil reserves. The Greenland Home Rule Government and the Danish state have begun cooperative exploration. (Wikipedia article on oil reserves)
The development and production of $12.6 trillion worth of oil would be a windfall for the 57,000 residents that could influence Greenland's political dynamic.
At present, the main parties are the social democratic Forward, the conservative liberal Feeling of Community, and the separatist and socialist Inuit Community. Separatists in Greenland, well, you know what separatists do, especially when they're natives. They'll probably want some of that oil money, but anyway it was just sitting there.
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