RE: 10billion barrel@5%=500,000,000BO30 Dec 2018 05:54
Nice numbers Wizard. I wonder how much of this oil the UK will need over what time period. Gas - yes gas until the cows come home - or at least start supplying us methane - oil, for plastics and chemicals and I suspect a dramatically reducing auto market over a 10 year period as electric and hydrogen take over. However your point is well made. Put another way if only 10% recoverable and just the best targets tapped - its massive revenue and would make the UK a net neutral consumer/supplier with oil as low a price as you can get it. All ads to the case that the UK should let no-one buy us out cheaply or stop us going ahead with this.