May, 2016 Energy

Michael Johnson

By Demetrios Rhompotis 

Oil “guru,” geologist, entrepreneur and philanthropist Michael Johnson (Giannakopoulos), who initiated horizontal drilling, a new technique that has perfected fracking–invented by another Greek-American, George Mitchel– making possible the discovery of the Parshall oil field in North Dakota with oil reserves of 15 billion barrels, believes that in parts of the Aegean, southern and especially western Greece, there is oil in abundance waiting to be extracted. He pointed out that even Herodotus–more than 2,000 years ago–knew about the oil in Zakynthos!

Energy, Geopolitics, Greece