Oil

Won't this misery ever end?

It seems that not only do we have billions of pounds worth of oil in the North Sea, but it seems that the amount of oil left has been underestimated by 100%.

Why must we have all this terrible, terrible oil in our waters?

http://www.oilandgaspeople.com/news/1039/scottish-west-coast-untapped-oil-and-gas-reserves-worth-trillions/

"The West Coast alone could provide oil and gas for at least 100 years with an estimated value of more than £1 trillion."

"This activity is supported by the Bank of Scotland’s recent report predicting the need for 37,000 new jobs over the next two years in support of the current Scottish oil boom." New Jobs

"The investigation revealed a consensus among industry experts and companies that it’s not a case of if, but when oil and gas reserves larger than in the North Sea will be discovered in the Atlantic Margin. "

"In the 1970s, drilling companies believed such fields were out of reach, but now that new technology has opened these fields up, the Clair Ridge alone will produce 120,000 barrels per day at peak levels of production. This translates to an estimated eight billion barrels of oil worth approximately £300 billion." technology

"Analysis from DECC further backs up the reports finding. Its recent Strategic Environmental Assessment identified the following areas as priority for further exploration: Rockall Basin, Outer Hebrides Platform and parts of the Hatton Basin and Hatton High.

The investigation also found that oil companies had evidence that there was significant potential for large oil finds in the Faroe-Shetland Basin. Geological evidence found that it contains more large undrilled structural traps that the North Sea."



Everyone, VOTE NO so that we don't have to handle this horrific burden.