Helping us to fuel the excavators digging our own grave, oil prospectors have begun seriously investigating Greenland’s oil reserves. We’ve known about them for the past 20 years or so, but there was always the tricky issue of 3 meter thick pack ice that makes access impossible for 11 months of the year.

Thankfully, however, that may no longer be an issue in about 15 years, as climate change eliminates the pesky glaciers that are keeping industry at bay. The 50 billion barrels of oil that are estimated to be under Greenland’s ice represent more oil than all the rest of the drilling in the North Sea combined, and will net someone a handy $5 trillion dollars (at current oil prices).

Article from The Age.