Friday, 20 January 2012

North Sea oil will last for 100 years' - Telegraph

Dr Richard Pike, a former oil industry consultant and now the chief executive of the Royal Society of Chemistry, said: "Rather than only getting 20 to 30 billion barrels [from the North Sea] we are probably looking at more than twice that amount."

His analysis is supported by petroleum experts who believe there are some 300 fields off the coast of Britain still to be explored and tapped properly. If energy prices continue to soar, companies will become increasingly willing to tap previously uneconomic oil fields.

Who would have thought the Telegraph would help the Independence cause?

Posted via email from Tony Gurney's Pre-posterous

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