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Tiny correction

Reader comment on item: Cyprus Joins the Middle East

Submitted by Renos (Cyprus), Apr 6, 2014 at 20:02

"The current estimate of 5 trillion cubic feet (tcf) of natural gas as well as some oil has a value estimated at US$800 billion".

Alas, 5 tcf of gas is worth a mere $50 bn. Perhaps if we find 50 tcf in all 13 blocs, then we'll be talking of the Sheikdom of Cyprus.

Submitting....

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Daniel Pipes replies:

Hardly a tiny correction! My figures come directly from the Cypriot authorities. I have rechecked with them and am told that the "5 trillion cubic feet (tcf) of natural gas as well as some oil and has a value estimated at US$600 billion to US$800 billion." So, the above is correct.

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Reader comments (12) on this item

Title Commenter Date Thread
Tiny correction [54 words]
w/response from Daniel Pipes
RenosApr 6, 2014 20:02214336
3THE THREAT STILL REMAINS. [222 words]MICHAEL THOMAIDESDec 2, 2013 02:52211959
4A possible solution to the problems of us all [1365 words]AlexandrosNov 10, 2013 21:03211409
Clarification for the comment i sent a few hours ago [83 words]
w/response from Daniel Pipes
AlexandrosNov 8, 2013 05:12211296
1Occupied Territories [27 words]Sigmund DermanNov 7, 2013 13:05211286
3What? [13 words]AlexandrosNov 8, 2013 02:45211286
Next step into the future for Cyprus [8 words]David W. LincolnNov 6, 2013 13:12211257
2Cyprus Joins the Middle East [98 words]JudithNov 6, 2013 11:44211256
6a fair distrubution [81 words]
w/response from Daniel Pipes
servet cevikNov 6, 2013 11:02211254
14Turkish Invasion overtrumps Oil and Gas [178 words]Michael Hanni MorcosNov 6, 2013 09:11211253
2There are some problematic facts [596 words]AlexandrosNov 8, 2013 03:15211253
7There are no justification for invasion But there are Options available [150 words]Michael Hanni MorcosNov 20, 2013 14:29211253

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