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The (a) confirmation of significant quantities of hydrocarbons in Cyprus, (b) the scientific estimates of equally significant quantities in the south and southwest of the Greek island of Crete and (c) the officially declared increased cooperation between Cyprus, Israel and Greece to jointly exploit their hydrocarbon deposits may prove to be a tremendous opportunity not only for Cyprus, Greece and Israel but for the EU as a whole.

World renowned scientists claim that the hydrocarbon deposits that lie south and southwest of the island of Crete are huge; and maybe bigger than those in the Levantine Basin; they dare to state that within the EEZ of Greece there may be as much as 51 tcm of natural gas! Could this lead into the making of a new energy corridor for the EU? Shouldn’t the EU be more actively involved in the efforts of its member countries, Greece and Cyprus? Isn’t this for the EU a project of Pan-European interest thus include it in its energy policy, coordinate and assist with technical knowhow but also with political leverage and other? As critical year 2020 is around the corner, aren’t the already scientific interpretations important enough to accelerate the EU think tanks and policy institutes view on the whole issue?

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Did you know?

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

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

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 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 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 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?

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?

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