Trump says

President Trump said Wednesday that "massive" oil, gas and mineral exploration is preparing to begin in Greenland.

The president added that "there are Experts that are saying that the amount of easily available Oil is far greater than that of almost any land, anywhere in the World."

"It gives us time, location, and sightline, like nowhere else in the World!" Mr. Trump added.

The announcement comes more than four weeks after the U.S., Greenland and Denmark, which oversees the territory, signed a new security agreement to bolster American military and security presence on the island.

The plan allows the U.S. to expand the existing Pituffik Space Base, the northernmost U.S. military installation which serves as an early-warning system for incoming missiles. The agreement also says the U.S. can establish additional bases at the sites known as Narsarsuaq and Mestersvig, which are roughly 950 miles apart. Any of the three parties can propose more "defense areas" as needed, subject to approval by the others.

The deal, which has no expiration date, also blocks non-NATO countries from establishing bases on the island without agreement from the parties.

Since his first term, Mr. Trump had cited Greenland's strategic location as one of the reasons for greater U.S. control over the semi-autonomous island, and even suggested purchasing the island from Denmark or using military force.

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