Posted on 10/03/2014 10:25:41 PM PDT by Olog-hai
A rusty truck and abandoned oil pumps form part of the French Oil Museum in Alsace. In the mid-18th century, the region was the cradle of the oil industry and provided 5 percent of French needs before fading into insignificance in the 1960s when the barrel lingered around $15.
Now with oil prices hovering around $100, a dozen fields are pumping again.
The activity near the Rhine on the German border does not amount to an oil boom. The region provides 1 percent of French oil production, which is just under 2 percent of European output. Nonetheless, 13 wells are pumping, two exploration permits have recently been granted and more are being reviewed by the French administration.
(Excerpt) Read more at widerimage.reuters.com ...
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Was petroleum production a major industry in the 1700's?
As confirmed in the article, the French banned hydraulic fracturing and have thus volunteered to freeze to death in the dark when Putin cuts off Western Europe from Russian gas.
Was petroleum production a major industry in the 1700’s?
That and : Was oil at 15 during the 60’s?
Wonder why the Nazis never used the oil there despite severe fuel shortages?
Of course! How else could they have flown their jets across the Pacific to help us defeat the Spanish in our civil war?
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