Dont really post on facebook about politcs as I believe to each their own but I have found an interesting article re oil: The Clair Ridge Field Off the West coast of Shetland is the Clair Ridge field. It contains an estimated 8 billion barrels of oil, with an estimated 120,000 barrels per day production at peak levels. To put this in perspective – the total stage two investment of £4.5 billion is the equivalent of nine Glasgow 2014 Commonwealth Games. The value of the field is almost £300 billion. This is a single, yet highly significant field. In the 1970s, when it was identified, it was outwith the reach of drilling companies. With advances in technology deeper drilling is now possible, which will boost tax income for an independent Scotland. Other fields off to the West of Shetland and the Atlantic are predicted to overtake North Sea production in future decades.
Posted on: Wed, 10 Sep 2014 21:04:59 +0000
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