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The black gold of Alsace (France puts old oil wells back into production)
Reuters ^ | October 2, 2014 | Merkwiller-Pechelbronn

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 ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: alsace; blackgold; eussr; france

1 posted on 10/03/2014 10:25:42 PM PDT by Olog-hai
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To: thackney

Ping


2 posted on 10/03/2014 10:36:04 PM PDT by Army Air Corps (Four Fried Chickens and a Coke)
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To: Olog-hai
In the mid-18th century, the region was the cradle of the oil industry

Was petroleum production a major industry in the 1700's?

3 posted on 10/03/2014 11:29:45 PM PDT by Fiji Hill
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To: Olog-hai

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.


4 posted on 10/04/2014 3:03:38 AM PDT by T-Bird45 (It feels like the seventies, and it shouldn't.)
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To: Fiji Hill

Was petroleum production a major industry in the 1700’s?

That and : Was oil at 15 during the 60’s?


5 posted on 10/04/2014 5:04:12 AM PDT by TalBlack (Evil doesn't have a day job.)
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To: Olog-hai

Wonder why the Nazis never used the oil there despite severe fuel shortages?


6 posted on 10/04/2014 5:39:17 AM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: Fiji Hill

Of course! How else could they have flown their jets across the Pacific to help us defeat the Spanish in our civil war?


7 posted on 10/04/2014 9:40:16 PM PDT by monkeyshine
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