Drill, baby, drill.
The global hunt for oil is on. From western Uganda to northern Greece, from the shores of Cuba to the coast of Ghana, multinational firms and state corporations are drilling test wells in hopes of striking black gold.
It’s easy to understand why.
The world is hooked on oil; in recent years, we’ve been consuming more than 80 million barrels of the stuff per day. It’s a staggering amount and, setting the recession aside, it has been trending upwards for the past two decades.