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

HAMISH_MCTAVISH

Aye, heaven forbid we should seek economic prosperity and energy security.

That would be just awful.

elantan

aye cause thats all we will get right enough

ruggedtoast

lukeh23 wrote: »

would be nice to see a sovereign wealth fun this time, and not the whole lot blown on one boomer generation like before.

it would be nice if they used the tax generated for something positive. I will believe it when I see it.

DaveTheMus

A lot of very insecure little Inglanders...

How sad that after finding out there may be an economical windfall in the future the first thing some can think of is;

'wait till the neighbours find out....that'll wipe the smile off their face...'


talk about 'wee man syndrome'...

HAMISH_MCTAVISH

elantan wrote: »

aye cause thats all we will get right enough

One day you'll learn that all the leftist/green ideology you so revere has to be paid for with real money generated by the private sector and fuelled by the requirements of business and industry.

People like you are only able to indulge those beliefs as a direct result of people like me generating enough wealth to pay our country's bills and keep the lights on.

The real wealth creators in any society are globally mobile and can leave at any time, they generally choose not to out of a sense of social responsibility, and because of emotional attachments to their places of origin.

However you'd be wise not to assume that generosity is limitless...

chucknorris

IveSeenTheLight wrote: »

On a personal level, I'm pretty pleased with the new home I built and moved into in Aberdeenshire.

After building it and having living in it for a while, with the benefit of hindsight, would you have done anything differently?

Generali

elantan wrote: »

If it is done by fracking, do you want fracking?

According to the RNS, fracking isn't needed.

kabayiri

Generali wrote: »

According to the RNS, fracking isn't needed.

Indeed they believe it can be accessed via more conventional means.

I'm amazed we can boil down all the complex geological factors involved in modern drilling into a simple rule :

fracking -> BAD
non-fracking -> GOOD

It seems that good execution and monitoring is what is needed, whatever the technology.

The Gulf of Mexico major leak didn't involve fracking, so that must be okay hey, hmm...

I'm a fan of fracking because I believe we can manage the risks and reap the rewards. Nobody would want to be dependent on Russian gas, that's for sure.

setmefree2

elantan wrote: »

If it is done by fracking, do you want fracking?

Do you want to be cold?

Energy security and shale development have not become issues in the current General Election campaign, mostly because of milder temperatures this winter. Last fall, with Russia jawboning to reduce gas flowing through the Ukraine, a cold winter could have led to shortages, and energy independence would certainly have propelled up the political agenda. "The UK is at the end of a very long pipeline and only has two weeks of storage capacity if anything goes wrong," Faulkner says.

http://www.youroilandgasnews.com/breitling+energy+corporation%3A+why+current+energy+prices+will+not+impact+uk+shale+potential_114848.html

setmefree2

Output in Britain's North Sea oil and gas industry plunged 12 percent in year-on-year terms in February, the biggest yearly fall since August 2013.
The ONS said it was unable to confirm whether the fall was due to the plunge in global oil prices.
Britain's energy ministry has previously said that the oil price fall could affect North Sea output in the first three months of 2015.

http://uk.reuters.com/article/2015/04/10/uk-britain-economy-idUKKBN0N10OA20150410