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Markets May Be Wrong About the Risks of Venezuela and Greenland

If you want respect for the environment, economic development and sustainability, trust in engineers, not in politicians.
Markets May Be Wrong About the Risks of Venezuela and Greenland
A general view of homes in Nuuk, Greenland, on March 13, 2025. Joe Raedle/Getty Images
Daniel Lacalle
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Commentary

Most of the recent reports about the potential opportunity in Greenland and Venezuela focus on the large capital expenditure required, technical challenges, and legal security risks. However, markets may exaggerate the risks and underestimate the potential.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”