RE: REPSOL SINOPEC FORMS INDUSTRY ALLIANCE TO MAXIMISE RECOVERY OF NORTH SEA RESERVES7 Mar 2021 10:39
Further Evidence of Declining Oil Reserves. People may wish to Investigate French Guiana. Basin there thought to contain Billions of barrels of hydrocarbons. Numerous drills failed and now this is an area of the World closed.
Re North Sea. No slam dunk that Repsol will develop Tain / however that News to be concluded Q2 and i3 BOD played it down (Conservative). I have alluded to before that U.K. is 99% self Energy deficient and thus unlike Germany / Italy and friends - we are not in any way dependant on Russia. Now we are Non EU this 99% really has to go to 110% (If there can be such a thing) and maybe Germany would seek Politically less dependancy on Russia / and which ever way you look at it / Russia could turn off the Taps / so they have Germany in there Pocket / Hence the Paris Climate accord and Europe at the forefront of the clean Energy Transition.
All to play for.