Cyprus-Forum.com

[wyoming cowboy]

"...The study, collating existing scientific data, says that geological similarities indicate that reserves offshore Crete may match the prolific Levantine Basin where recent Israeli and Cypriot discoveries are clustered.

It points to strategically significant reserves in Greek waters south of Crete in the range of 3.5 trillion cubic meters (Tcm), enough to cover over six years of EU gas demand, and the equivalent of about 1.5 billion barrels of oil..."


http://www.reuters.com/article/2012/10/ ... KF20121003

[FragnaticDeath]

Hope Greece sells it quite expensive and recover fast

[wyoming cowboy]

Greece in a few years may be viewed as the economic miracle of Europe...many changes are happening in that country

http://greece.greekreporter.com/2012/04 ... riodicals/


"...The study also found an increase in the papers published in collaboration with other Greek or foreign research bodies, with the rate approaching the OECD and EU average at 67.2 percent...."

Farming
http://www.investingreece.gov.gr/defaul ... a=1&n=1349

[Maximus]

every cloud has a silver lining.

[kurupetos]

Greece doesn't need this money:

'Give us the debt and we will END the crisis' say Greek expats

Greeks living abroad, the Greek Diaspora, are willing to buy out Greece's debt but are demanding drastic changes to the Greek Constitution and national elections immediately.

http://www.digitaljournal.com/article/334025

Provided the above is not a joke...

[GreekIslandGirl]

Hope Greece sells it quite expensive and recover fast

This oil and gas is why the outsiders are trying so hard to make Greece indebted to them - so fast and so willingly!

[Southerner]

If the Greek man in the street benefits as much as the UK man in the street did from North Sea Oil & Gas, his lifestyle won't change much. 40 years on and we're all still waiting for our cheques to arrive.

[kurupetos]

Greece doesn't need this money:

'Give us the debt and we will END the crisis' say Greek expats

Greeks living abroad, the Greek Diaspora, are willing to buy out Greece's debt but are demanding drastic changes to the Greek Constitution and national elections immediately.

http://www.digitaljournal.com/article/334025

Provided the above is not a joke...

Fraud. Hopefully the Greek state will prosecute these scumbags.

[GreekIslandGirl]

If the Greek man in the street benefits as much as the UK man in the street did from North Sea Oil & Gas, his lifestyle won't change much. 40 years on and we're all still waiting for our cheques to arrive.

The North Sea Oil reserves should have gone to the 8 million or so Scots instead of the 50+ Million English. If that were the case, the Scots would have been far wealthier than even the Norwegians (who have been doing very nicely indeed on their finds). But the benefits certainly bolstered a lot of welfare and kept the much needed gas prices (for home heating) at reasonable levels. Of course, Greece and Cyprus would not need as much for the domestic market as the UK needs - so they can sell more.

[Southerner]

If the Greek man in the street benefits as much as the UK man in the street did from North Sea Oil & Gas, his lifestyle won't change much. 40 years on and we're all still waiting for our cheques to arrive.

The North Sea Oil reserves should have gone to the 8 million or so Scots instead of the 50+ Million English. If that were the case, the Scots would have been far wealthier than even the Norwegians (who have been doing very nicely indeed on their finds). But the benefits certainly bolstered a lot of welfare and kept the much needed gas prices (for home heating) at reasonable levels. Of course, Greece and Cyprus would not need as much for the domestic market as the UK needs - so they can sell more.

Absolute rubbish, when the North Sea Gas and Oil was in full flow gas and oil prices in the UK continued to rise, inflation went through the roof and the prime minister had to go to the international world bank to borrow money so you tell us where the money went and where your revenue will go if and when it happenms.