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th-30032012The already confirmed and estimated discoveries of substantial hydrocarbon deposits in the Eastern Mediterranean – such are those confirmed within the Exclusive Economic Zones (EEZs) of Cyprus and Israel – along with those discussed in this Paper (which more than likely lie offshore Crete), but also elsewhere within the EEZ of Greece, such is the area close and adjacent to Hydrocarbon Exploration Block #4 of Cyprus, signify that for the first time ever in Europe’s energy history, the EU may be guaranteed an uninterrupted supply of a traditional energy source! A most important development (and a pan-European one) that the government of Greece has to set as priority and ensure that an appropriate framework and solid plan are put in place in order to commence investigation as quickly as possible.

The energy strategy that Greece will pursue today in regard to the “Cretan hydrocarbons” is bound to dictate its economic future and not only.

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Did you know?

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 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 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 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 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 Pytheas has presence in 41 countries?

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 every year, Americans buy more than 100 million cell phones, yet fewer than 20% of old cell phones are recycled and that recycling just a million cell phones reduces greenhouse gas emissions equal to removing 1,368 cars off the road for a full year?

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 recycling steel saves 75% of the energy that would be used to create steel from raw materials, enough to power 18 million homes?

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