The winner of the essay contest will receive a prize of €60,000. A prize of €25,000 will be awarded to the best essay written by an author under the age of 30. A further €15,000 will be awarded to runners-up at the discretion of the panel of judges , which is chaired by Pascal Lamy, a former European Trade Commissioner and ex-director general of the World Trade Organization. Submissions are due by July 31 and the awards will be presented at a dinner ceremony in Brussels in October. The rules and conditions can be found below.
1818 - In southeastern Kentucky another salt well produced oil. It was known as the "Beatty Well," named after the owner of the land on which it was drilled (Shepherd 1988). The site is on the banks of the South Fork of the Cumberland River, and the well produced upwards of 100 barrels/day according to some reports. By 1820, oil from this well was being shipped to Europe as well as several other southern states. Thus the Beatty Well seems to be the first drilled well which produced commercial oil in North America.*
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