Robert Price Advances Greenland Oil Project Amid Political Backlash

Texas oilman Robert Price is trying to preserve a major drilling project in Greenland after his public appearance with Dr. Phil triggered opposition from Greenlanders. The Greenland Energy executive is seeking approval for exploration in Jameson Land, where he believes a potential multibillion-barrel oil reserve could be developed.

According to CNN, Price holds exclusive drilling rights in Jameson Land, a remote Arctic region where he estimates up to 13 billion barrels of crude oil could exist, with a value exceeding $1 trillion at current prices. The project has faced renewed scrutiny as Greenland debates foreign involvement in its natural resources.

Price discussed his family's history in Greenland during a podcast interview hosted by Phil McGraw. A large wartime photo of his father, who served at a Greenland weather station during World War II, prompted an emotional reaction.

"That's him, yeah. He was stationed..." said Robert Price, CEO of Greenland Energy.

Price paused while describing his father's military service and later continued explaining that his father spent several years at a remote station in Greenland.

"Um," said Robert Price, CEO of Greenland Energy.

Price then completed the thought about his father's deployment during World War II.

"He was stationed in Greenland for three years at a weather station," said Robert Price, CEO of Greenland Energy.

The podcast appearance drew criticism in Greenland, and local regulators withdrew support for the project, according to CNN. Price said he was attempting to separate the venture from US political disputes.

"My dad would be really proud," said Robert Price, CEO of Greenland Energy.

Price later told CNN that the project was focused on investment and economic opportunities for Greenland rather than political goals.

"This is about bringing capital to Greenland. It has nothing to do with the Trump administration," said Robert Price, CEO of Greenland Energy.

Price added that he believes the drilling effort could continue despite changing political circumstances.

"Politics will come and go, but our project will be there for a long period of time," said Robert Price, CEO of Greenland Energy.

Greenland Energy said it would continue the regulatory process without shortcuts, describing the work as proceeding gradually. Price has argued that improved technology and higher oil prices have changed the economic outlook for the remote project.

"when" said Robert Price, CEO of Greenland Energy.

Price used the word while discussing his expectation that drilling would eventually locate oil beneath Jameson Land.

"Greenland is a beautiful, extraordinary place," said Robert Price, CEO of Greenland Energy.

He said he wanted to highlight Greenland and its people while presenting the potential discovery.

"And to tell the story, not only of Greenland, but of the Greenlandic people and what our potential discovery might be, is important to me," said Robert Price, CEO of Greenland Energy.

Greenland Energy's project follows earlier exploration efforts by Arco, which spent decades and $250 million preparing studies and infrastructure before abandoning the plan in 1990 without drilling.

The current venture involves cooperation with 80 Mile, which worked to secure drilling rights with Greenland authorities while Price planned to provide financing, equipment and workers. Greenland Energy said the regulatory process would continue one step at a time.

"one day and one step at a time" said Robert Price, CEO of Greenland Energy.