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th0014Taking into account the growing hydrocarbon demand worldwide and the decreasing indigenous production in Europe, it will require huge efforts and substantial investments of the suppliers to mobilize these fuels in time. Besides, when assessing supply options, it has to be kept in mind that competition for supply will become far stiffer especially from North America, China and the emerging economies of South-East Asia.

The vulnerability of the EU to energy supply risks is a fact but this could be no more! If the most conservative data is taken into account in regard to the hydrocarbon reserves existing in the EEZs of Israel, Cyprus and Greece and the rest that lie within the Southeastern Mediterranean, for the first time ever in European Energy History, the EU could be guaranteed an uninterrupted supply of a traditional energy source.

The challenge ahead for the EU is to manage these new variables in the equation of the Southeastern Mediterranean region with ultimate responsibility and Europeanism so as to guarantee and improve the prospects, economic and social, of its citizens. Moreover, these hydrocarbon discoveries are bound to serve as a catalyst toward greater cooperation amongst the participating countries. The joint exploitation between these countries and the launching of joint projects has the potential to change the whole political and economic scene of the entire region to the better.

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Did you know?

that in a lifetime the average European or North American will discard more than 600 times his or her adult weight in garbage and about a ton of trash per person per year?

that Pytheas through its Soil Water + Life Solutions is probably the only entity world wide that can provide a-no-chimney-no-landfill-solution for the treatment of municipal solid and liquid waste?

that of all the restaurants that are opened, 90% of them fail in the first year and of the remaining ones that survive, 90% of those fail in the second year?

that annually, the amount of garbage that is dumped in the world’s oceans is three times the weight of fish that is caught from the oceans?

that 1 recycled tin would save enough energy to power a television for 3 hours; 1 recycled glass bottle would save enough energy to power a computer for 25 minutes; 1 recycled plastic bottle would save enough energy to power a 60-watt light bulb for 3 hours?

that recycling 1 ton of paper saves 17 mature trees, 7,000 gallons of water, 3 cubic yards of landfill space, 2 barrels of oil, and 4000 kilowatt hours of electricity; this is enough energy to power the average North American home for 5 months?

that Pytheas the ancient Greek explorer, mathematician, astronomer and navigator must have travelled to the American continent at the time of Alexander the Great?

that Confucius about 2,500 years ago argued that the government should not compete for profit with the people, as it would only result to the exploitation of the population?

that the revenue that is generated from gambling is more than the revenue derived from movies, cruse ships, recorded music, theme parks and spectator sports combined?

that the Boeotian Hesiod about 3000 years ago theorized on the entrepreneurship typical of the market (an early laissez-faire), identifying the effects of government debasement of the coinage, which causes a decrease in its purchasing power (think Adam Smith, Keynes and post Keynes), arguing about the importance of competition and the importance of justice and the law in order to foster order and harmony in society?

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