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Started By
Message
Britain discovers 100 billion barrels of oil just south of London
Posted on 4/9/15 at 11:41 am
Posted on 4/9/15 at 11:41 am
quote:
Billions of pounds worth of oil have been found near Gatwick airport in Sussex, according to an exploration firm which is developing the site - set to be dubbed 'Britain's Dallas'.
Up to 100billion barrels are contained in the Weald Basin, UK Oil & Gas Investments said today - making it the biggest discovery of oil in Britain for three decades.
The company estimates that 15 per cent of that could be commercially drilled, which would value the total reserves at nearly £600billion at current prices.
LINK
21
Posted on 4/9/15 at 11:42 am to Darth_Vader
I thought we hit Peak Oil 10 years ago, though?
The Middle East becomes more and more irrelevant.
The Middle East becomes more and more irrelevant.
Posted on 4/9/15 at 11:44 am to Darth_Vader
What is with their obsession with naming everything Royal this or Royal that?
Posted on 4/9/15 at 11:45 am to J Murdah
quote:
What is with their obsession with naming everything Royal this or Royal that?
Do you even history, bro?
Posted on 4/9/15 at 11:46 am to J Murdah
quote:
I thought we hit Peak Oil 10 years ago, though?
10 years ago??? We peaked in the 80's according to the experts.
Posted on 4/9/15 at 11:46 am to Darth_Vader
Buying Ford stock now. F250's and 350's about to skyrocket!!!! Whoop Whoop!
Posted on 4/9/15 at 11:46 am to The First Cut
besides the obvious
Posted on 4/9/15 at 11:46 am to Darth_Vader
Please do not drill yet, prices are too cheap already.
Posted on 4/9/15 at 11:46 am to Darth_Vader
Posted on 4/9/15 at 11:47 am to The First Cut
quote:Like they can just show up and start drilling anywhere...
Please do not drill yet, prices are too cheap already.
Posted on 4/9/15 at 11:47 am to Bluefin
:lmao:
Posted on 4/9/15 at 11:47 am to Darth_Vader
quote:
'You would need to have a lot of wells. That's easy in Texas or Louisiana where you can put nodding donkeys all over the place, but it's less easy when you're next to Gatwick airport.'
Posted on 4/9/15 at 11:48 am to Bluefin
When are we going to invade?
Posted on 4/9/15 at 11:48 am to Darth_Vader
Is this gonna help my BP stock? 
Posted on 4/9/15 at 11:51 am to Darth_Vader
I guess these roughnecks are calling shipping companies to figure out how much it would cost to send their F350,complete with truck nuts, sent across the pond.
"Oilfield crowns making oilfield pounds" bumper stickers everywhere.
Or
"Oilfield Yank making oilfield bank"
"Oilfield crowns making oilfield pounds" bumper stickers everywhere.
Or
"Oilfield Yank making oilfield bank"
This post was edited on 4/9/15 at 11:55 am
Posted on 4/9/15 at 11:52 am to TigerintheNO
Do you even directional drill, baw?
Posted on 4/9/15 at 11:58 am to Bluefin
Posted on 4/9/15 at 12:02 pm to Darth_Vader
Posted on 4/9/15 at 12:05 pm to Darth_Vader
quote:
The company estimates that 15 per cent of that could be commercially drilled
So more like 15 billion barrels.
Posted on 4/9/15 at 12:08 pm to Darth_Vader
Time to turn the Eiffel Tower into a drill rig. 
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