Cyprus-Forum.com

[Paphitis]

How's about ... leave it in the ground in return for an annual payment from the US and EU on the understanding that they could add it to their strategic reserves to draw on when needed in the future, essentially it's sold to the Western Powers, in a way which will preserve the CY environment and keep it safe from you know who.

What the hell are you on about Bill?

Let you know who come and have a go! They will not only need to answer to Cyprus, but Israel and the EU!

The reserves are ours, and licenced Oil companies will drill whenever they see fit!

[jahitty]

Intersting proposal Mr Cobbet, although I dont agree, you pay us period, depending on how we invest in green technologies. The EU/US could have a stake in building and developing a green industries in Cyprus.

What has my nationality got to do with it?

[Paphitis]

Intersting proposal Mr Cobbet, although I dont agree, you pay us period, depending on how we invest in green technologies. The EU/US could have a stake in building and developing a green industries in Cyprus.

What has my nationality got to do with it?

Well, you obviously are not Cypriot!

Cyprus can invest in renewables and drill for its own resources!

[jahitty]

It dosent matter where im from, in fact it seems as if im much closer to cyprus than you are, as an island nation we should be the first to speak up against oil and gas extraction, sea levels are rising faster than first estimated, cyprus would be one of the first islands to dissapear within the next 50 years. Or doesnt that bother you.

[bill cobbett]

Intersting proposal Mr Cobbet, although I dont agree, you pay us period, depending on how we invest in green technologies. The EU/US could have a stake in building and developing a green industries in Cyprus.

What has my nationality got to do with it?

Well, you obviously are not Cypriot!

Cyprus can invest in renewables and drill for its own resources!

Reh Paphitis, the bottom line is that sums must be done. Sums that involve the hard cash value of the oil reserves and the less tangible value of environmental protection and strategic considerations.... and if there's a chance that CY's interests are best served by keeping it in the ground, whilst still preserving ownership, in return for some kind of retainer, then these calculations must be evaluated, we can't just dismiss them out of hand, ....particularly as the future is Green.

[Paphitis]

It dosent matter where im from, in fact it seems as if im much closer to cyprus than you are, as an island nation we should be the first to speak up against oil and gas extraction, sea levels are rising faster than first estimated, cyprus would be one of the first islands to dissapear within the next 50 years. Or doesnt that bother you.

Yes it does matter where you are from. Because if Cyprus is just a holiday destination for you, then obviously you don't care as much for the economic welfare of the Cyprus and its people!

No, Cyprus will not be the first. We don't have any major industry and have a service orientated economy. Oil and Gas is likely to be the best thing that has happened to Cyprus, and the resources located here are still only a drop in the ocean when compared to other far larger and richer nations. If Australia and the Arab states drop their output by just 0.1% it will equate to all the resources in Cyprus, so you would be better off speaking to them, but then you will probably be the first to complain about rising Petrol and Energy costs!

[Paphitis]

Intersting proposal Mr Cobbet, although I dont agree, you pay us period, depending on how we invest in green technologies. The EU/US could have a stake in building and developing a green industries in Cyprus.

What has my nationality got to do with it?

Well, you obviously are not Cypriot!

Cyprus can invest in renewables and drill for its own resources!

Reh Paphitis, the bottom line is that sums must be done. Sums that involve the hard cash value of the oil reserves and the less tangible value of environmental protection and strategic considerations.... and if there's a chance that CY's interests are best served by keeping it in the ground, whilst still preserving ownership, in return for some kind of retainer, then these calculations must be evaluated, we can't just dismiss them out of hand, ....particularly as the future is Green.

Who is going to pay this retainer? Will it be the Energy hungry EU, US, Israel, or the developing China and India!

I don't know Bill, but other countries like the US, Russia, Canada, Australia, the Arab States, China and what not are ripping resources out of the ground as fast as they can.

They must have done their sums!

[jahitty]

Actually, i care deeply about Cyprus and all cypriots which is precisely why this issue has to be seriously considered. If we keep extracting dirty resources anbd pumping CO2 into the atmosphere then we are finished. So I would I say I care very much about Cyprus. I should becuase I live here, and have done so most of my life. The reason we have a service oriented economy is because of our education system, where is design, technology,engineering, ecology taught in Cyprus schools, both in the occupied and relatively free areas? almost nowhere! Oil and gas is the worst most recent thing to have happened in Cyprus. Its another reason for external powers and entrenched ruling elites to excert even more control over this island. We need to think beyond short term profit margins.

[Paphitis]

Actually, i care deeply about Cyprus and all cypriots which is precisely why this issue has to be seriously considered. If we keep extracting dirty resources anbd pumping CO2 into the atmosphere then we are finished. So I would I say I care very much about Cyprus. I should becuase I live here, and have done so most of my life. The reason we have a service oriented economy is because of our education system, where is design, technology,engineering, ecology taught in Cyprus schools, both in the occupied and relatively free areas? almost nowhere! Oil and gas is the worst most recent thing to have happened in Cyprus. Its another reason for external powers and entrenched ruling elites to excert even more control over this island. We need to think beyond short term profit margins.

We have considered all the issues, and we will drill just like everyone else, so our youth can obtain better employment opportunities allow our economy to grow!

But thanks for your concern. It seems that other nations that pollute far more than us, have also considered the issues and pressed ahead!

[jahitty]

Of course thay have pressed ahead, becuase its multinationals not governments that make policy, we dont have any ownership over those energy companies, the cost of not investing in green tech is far far higher than maintaining this suicidal path. By the way, did you know that we are living through a mass extinction? Over 100 species extinct this year alone? 1000 times the natural rate.