By announcing the end of its exploration campaign in the north of Alaska, Shell delighted environmental NGOs. But the self-imposed moratorium, to the degree it even exists, will not last.
Tag: drilling
ROME – Italy won’t be the new Saudi Arabia, but few realize that it does have its own small treasure trove of oil and natural gas, underground and under the seabed. There is, however, one condition required to benefit from it – not saying “No, grazie!” Italians will only see the gushing of oil and […]
ATHENS – Everyone knows that Greece’s debt is spiraling out of control, but few know that the country is an oil producer, though its production is minimal: 2,000 barrels a day – 0.5% of just its own needs. During the 1980’s, however, Greece produced 30,000 barrels a day – 12% of its consumption – through […]