EIN News says, "Off Cyprus, the Hunt for Oil and Gas Threatens to Rekindle an Old Conflict Turkey has upped the ante in its dispute with Israel by sending an exploration team into disputed waters south of Cyprus in search of oil and gas. The move sharply escalates Ankara's conflict with its neighbors over energy rights in the eastern Mediterranean. (theglobeandmail.com)".
In 2009, Turkey used 600,000 barrels of oil per day, and produced only 50,000 barrels of oil per day. It probably hasn't changed much in the last two years. The key point is that they have been forced to import 550,000 barrels of oil per day.
Is it a mystery as to why Turkey would be pressing for new oil resources?
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