Why the 80 USD per barrel figure is a myth and does not apply to Jameson Land:
The claim that the breakeven price for Greenland is above 80 USD per barrel contains a fundamental factual error and is outdated in the context of 2026. This mechanically carries over old analyses that mixed together two completely different worlds: offshore (drilling at sea) and onshore (drilling on land). Why the 80 USD per barrel figure is a myth and does not apply to Jameson Land: The amount above 80 dollars per barrel was calculated in the past (around 2010–2014) for deepwater offshore wells in Western Greenland. Drilling in an icy ocean, where you must deploy extremely expensive floating rigs, battle drifting icebergs, and build subsea pipelines, is truly one of the most expensive engineering challenges in the world. There, the breakeven price was astronomical. However, the project of Greenland Energy ($GLND) in the Jameson Land basin is located onshore. This completely changes the economic equation: Onshore drilling is dramatically cheaper: You do not need billion-dollar offsho...