oil in Greenland Greenland - is the largest island in the world area of over 2 million sq. M. km. Geographically, it belongs to North America and is a self-governing territory of Denmark. More than 85% of the island's hidden ancient ice sheet. Here you can see the ice in all its spectacular forms, pack ice, ice flows, icebergs, glaciers and powerful ice sheet - one of the wonders of nature. Beauty Greenland ice you'll never forget. In Greenland possibly very large deposits of oil? After all, not for nothing that the company Cairn Energy in 2010 halted oil exploration, as initial studies have shown 50 billion barrels. oil. And if given the opportunity to develop the territory of Greenland, oil deposits, then get! The price of oil on the world market is very cheap!