North Sea ‘has three times more oil and gas’ than Govt claims
Britain’s North Sea could yield up to three times more oil and gas than the Government has suggested, leading analysts have found
On September 20th, The Telegraph reported:
Wood Mackenzie, which monitors oil and gas fields around the world and is renowned as a global leader in energy data, estimated that there could be up to 14 billion barrels worth of recoverable oil and gas in existing North Sea fields.
That is more than three times larger than the four billion barrels estimated to remain in place by Ed Miliband’s offshore regulator, the North Sea Transition Authority (NSTA).
If accurate, Wood Mackenzie’s data suggests UK oil and gas reserves could cover the country’s entire fossil fuel demand during the planned transition to net zero by 2050.
Full story here.
According to the Telegraph the figure could be even bigger, as the North Sea Transition Authority itself estimates that there could be an additional 15 billion barrels in unexplored areas outside of existing fields.
The UK’s offshore operators have extracted 47 billion barrels of oil from the North Sea, Irish Sea and Atlantic waters over the last five decades, so an extra 15 billion barrels is a sizeable chunk.
It makes Miliband’s rush to shut down the North Sea even more suicidal.
See more here notalotofpeopleknowthat
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Until a real govt for the people steps in, the claim will still be net zero even though the ships expend fuel to get the gas here, thus it is on the UK as emissions, and other countries emit what they like on the other end of the interconnects, and it’s still the UK’s fault.
Video for the eco zealots:
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