On Thu, 16 Mar 2006 01:42:59 -0000, "nightjar" nightjar@insert my
surname here.uk.com wrote:


Aye, and then there's the Falklands oil. That was reckoned to be
economically retrievable when oil prices reach 80usd /barrel. Mind you,
that was back in the 80s, and I don't think deepwater drilling has
improved that enough in the past 20 years to make it realistic.

The area is still disputed, so the oil companies will try to avoid it as
long as possible, in case the Argentineans try another takeover and they
lose all their investment. Similarly, the seabed around Greece and Turkey is
geologically similar to the North Sea, but nobody wants to explore that area
because of the long term political tension between the two countries.
Politics is often as important in deciding where drilling takes place as the
feasibility of extraction.

Colin Bignell



We could do with building some proper aircraft carriers to secure the
oil thats rightly ours. Oh we are...