Most significant on-shore oil find in the UK for 30 years

Marktheshark

Generali wrote: »

Perhaps. The price of oil paid by consumers is almost entirely made up of tax. If more taxes are paid at the well head, less is paid at the level of the consumer.

I think we all know that to be untrue.
We wont see a single penny in benefit, it will vanish straight in to the back pockets of the pigs trough brigade.

Generali

Marktheshark wrote: »

I think we all know that to be untrue.
We wont see a single penny in benefit, it will vanish straight in to the back pockets of the pigs trough brigade.

I think you are a very bitter person.

The price of oil in the UK is almost entirely made up of tax. For example:

http://www.telegraph.co.uk/news/uknews/road-and-rail-transport/10668970/British-fuel-tax-highest-in-Europe.html

If you could let go of the hatred you might be happier.

cells

People are too skeptical of good news

it shouldn't be a shock that there is or could be big oil fields onshore in England. There isn't a magic line a mile down the earth which nicely corresponds to the shore line.

The big positive of it being on shore is that the extraction costs could be a lot lower which could make it economic to extract a greater portion of the oil

Generali

cells wrote: »

People are too skeptical of good news

it shouldn't be a shock that there is or could be big oil fields onshore in England. There isn't a magic line a mile down the earth which nicely corresponds to the shore line.

The big positive of it being on shore is that the extraction costs could be a lot lower which could make it economic to extract a greater portion of the oil

I'm no engineer but I would imagine that getting oil out of Surrey:



is a whole magnitude of easy greater than getting oil out of the North Sea:



Horsham is the new Aberdeen!

pogofish

kabayiri wrote: »

Actually, we should take Alex and Nicola's advice, and use the revenue from this new find to create a new "English" sovereign wealth fund.

How could the SNP object? This is what they would propose if a discovery were made in the Scottish highlands!

Or even better, they could use the find to provide Scotland with the sort of oil fund that was denied to it first time round.

Then, any leftovers can go to the English economy.

posh*spice

setmefree2 wrote: »

It's Englands Oil! :rotfl::rotfl:

And England's Whisky!

https://www.englishwhisky.co.uk/

IveSeenTheLight

kabayiri wrote: »

Actually, we should take Alex and Nicola's advice, and use the revenue from this new find to create a new "English" sovereign wealth fund.

How could the SNP object? This is what they would propose if a discovery were made in the Scottish highlands!

Are you now proposing were not better together?

Keep the oil find, break up the union now if you want.

You can just hire our expertise

padington

Cheap holidays and holiday homes, get in !

Hopefully will remind the Scottish the benefits of being United too.

... Unless it's a pre election racket, I do remember something similar being announced before the Scottish referendum ...

Tigsteroonie

So much for "fossil fuels will have run out by the year 2000" which is what I was taught at school.

antrobus

pogofish wrote: »

Or even better, they could use the find to provide Scotland with the sort of oil fund that was denied to it first time round.

Then, any leftovers can go to the English economy.

Fair enough. But no doubt the English will take the annual subsidy that Scotland receives into account when performing that calculation.

You'd have to do the math of course, but I'm not that convinced that the result would be in Scotland's favour.:)