Crude Oil Could Give Italy Economic Boost


0  Updated at 8:37 am, May 31st, 2013 By: ABC Digital
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Comstock/Thinkstock(ROME) — Italy is world-renowned for its high-quality olive oil, but it’s another kind of oil that might give the recessionary country an economic boost, crude oil.

Central Italy holds more than a billion barrels of it. Production has been limited due to environmental concerns, but it will now likely double to 200,000 barrels a day.

Critics contend, however, that Italy could generate more jobs and revenue if it properly invested in its biggest energy source — the sun — by promoting solar energy.

Copyright 2013 ABC News Radio

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