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00:02President Trump is pushing to acquire Greenland, a move analysts say could cost the U.S. nearly
00:07$1 trillion over 20 years with limited economic return, according to Benzinga.
00:13The acquisition of Greenland would be the largest geographic expansion in U.S. history,
00:18surpassing the Louisiana Purchase, but experts say the economic case is weak.
00:23They argue the U.S. already has broad access to Greenland for security and economic purposes.
00:28Otto Svensson, an Arctic specialist at the Center for Strategic and International Studies,
00:34told Fortune that Greenland holds large mineral and oil reserves,
00:38but those resources are cheaper to extract elsewhere, including in the U.S.
00:42The White House estimates the purchase price near $700 billion,
00:46with additional hundreds of billions needed for infrastructure.
00:49Trump views the acquisition as a national security priority
00:52and has signaled he may pursue purchase or military action,
00:56while Denmark and Greenland have rejected negotiations.
00:59For all things money, visit Benzinga.com.
