Certainly easier and safer, not sure about cheaper through
Not sure what you have been reading but if you do a forum search people have had this discussion a few times to save you searching here is a really good explanation:
And here's the abstract: http://meetingorganizer.copernicus.org/EGU2013/EGU2013-1824.pdf
Its a lot of oil no doubt.
I would like to see industry estimates on how long it would take to set up the drilling, and how long extracting would take.
Perhaps you missed the "only a tiny fraction of this oil is recoverable" statement. This is not going to turn Surrey into another Texas.
Depending on how deep the hydrocarbons are, and what formations you might have to drill through / avoid, multilateral or not, you could hit target in a few months. Realistically, look for a year or two for all the planning and stuff to be finalised, a couple months to drill the well, skid the rig, then start the next.
As for extraction, that could take 10+ years depending on the reserves.
So using the back of an envelope:
100B barrels
5% estimate recoverable
10 years to extract
So 500M barrels a year for a decade, effectively doubling our oil output from half way through the next parliament - which is when the oil price should be recovering
Bigger than I thought for sure.
Sovereign fund incoming, or am I being ridiculously optimistic?
Not exactly a personal attack, but throwing him under the bus out of the blue in order to appeal to voters was definitely a knife in the back.
Lets re-phrase it to what he is technically saying
Knife, inserted.
Sovereign fund incoming, or am I being ridiculously optimistic?
Sovereign fund incoming, or am I being ridiculously optimistic?
The fact that the normally cool and calculated David then refused to applaud his brothers speech and snapped at somebody who did showed exactly how he felt about it.
Whoever wins is going to benefit considerably by the end of their term from the oil that has just been discovered in the south of England. The economy is likely to be on the up in the. next few years as a result.
Sadly the advice from pretty much the entire scientific community is likely to be ignored by any party other than the Greens on this issue.We can hope that the next government will refuse to allow it to be exploited and do the only sensible thing by leaving it in the ground.
Indeed.David Miliband was way too close to bliar, Mandelson and Nathan Rothschild, imho Ed did the right thing.
Sadly the advice from pretty much the entire scientific community is likely to be ignored by any party other than the Greens on this issue.
We will engage in some nice intergenerational taxation, taxation without representation, destroying the future environment for our children's children - the worst kind of oppression.
He didn't throw David under the bus. That's just a totally bizarre interpretation. Is he just not allowed to oppose Iraq, say it was wrong?
It's kinda pointless talking about votes which don't exist, so talking in terms of active voters is most valid, imo.
Didn't UKIP only poll 3% of the vote at the last election? If 14% of the vote turns out to be correct then that's staggering growth over one parliament, has any other modern party grown this fast? How many million voters is 14%?
The fact he's opposing the war in Iraq and saying it's wrong alone isn't backstabbing his brother, the fact he's opposing the war in Iraq and saying it's wrong when his brother was one of it's chief architects however is. People seem to be forgetting that Blair and Miliband were the two biggest driving wheels of the war this side of the pond (Brown only went along in order to secure concessions from Blair on other areas where they disagreed).