The Christian Science Monitor: Can Oil and Gas Fix Greece's Economy?

Greece is in an economic depression. Whether or not it agrees to the ruinous terms imposed upon it by its creditors in order to obtain a bailout, or if Greece opts for a much more uncertain route out of the Eurozone, Greece has years of hardship ahead of it.

The government is turning to offshore oil and gas as a potential source of revenues. Greece has almost no oil and gas production to speak of, and has failed in the past to make any major discoveries. But it still holds out hope of large potential reserves located offshore.

Read the full article HERE.