And GWPF reports that estimates of the amount of oil left in the North Sea have risen sharply and the rate of decline in oil and gas production is expected to slow dramatically over the next few years. Welcome news indeed in these uncertain times:
The trade body’s annual activity report found that North Sea reserves in known oil and gas fields have risen to 11.6 billion barrels of oil equivalent (boe), up by 1.3 billion boe on last year’s survey. Estimates of as-yet-undiscovered fields bring total probable reserves up to 24 billion boe, about two thirds of the amount extracted in the past four decades since oil was discovered in British waters.
1 comments:
Methinks Gadget should be 'fast-tracked' to become head honcho of the police in the UK........?
As for the matter of oil, this makes EE's post:
http://englandexpects.blogspot.com/2011/02/not-learning-from-history.html
even more pertinent. I am pleased that the UK is not the only country that has numpties in government!
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