What Labour Have Done For Us.

[Blasphemous]

potential reserves have been known since the 60s due to the geology.

I wasn't aware of that. Thank you Joe.

 

[joe-90]

And it's also worth noting that no major reserves have been found since the early 60s and never will be again.

 

[Thermo]

joes got his crystal balls out again.

 

[Thermo]

can you clarify what you define as a major reserve in terms of discovery joe? How many barrels would that have to be in round figures?

 

[Blasphemous]

potential reserves have been known since the 60s due to the geology.

I wasn't aware of that. Thank you Joe.

Sorry I got side tracked. I meant to add: that means Maggy DID know about the Oil then. As I said earlier, it's funny how things repeat themselves.

 

[joe-90]

can you clarify what you define as a major reserve in terms of discovery joe? How many barrels would that have to be in round figures?

http://planetforlife.com/oilcrisis/oilsituation.html

Take a look at the map and make your own mind up. Mexico? Nth Sea? Something along those lines.

 

[Thermo]

i was just looking here at the discoveries since the 1960s and teh amounts that have been discovered and their potential. maybe we arent doomed yet then

http://en.wikipedia.org/wiki/List_of_oil_fields

 

[joe-90]

Considering we use about a billion barrels per fortnight - then maybe we are?

 

[Thermo]

who knows? (not you! ) nice to see you back joe

 

[Blasphemous]

who knows? (not you! ) nice to see you back joe

crawler! Where have you been Joe? Anywhere nice? I assume you travelled first class of course!

 

[joe-90]

I get fed up with forums every now and again.

 

[Blasphemous]

I get fed up with forums every now and again.

Have you come back to refresh your memory of the 'common people'?

 

[wotan]

I get fed up with forums every now and again.

Have you come back to refresh your memory of the 'common people'?

No he's missing the intelligencia

Wotan

 

[Trazor]

Give us your sources. When was exploration carried out?

Stock market listed companies.

Desire petroleum over 3.0Bn barrels.
Rockhopper 4.3 Bn barrels.
Borders and southern 6.0 Bn barrels
And the biggest player.
Falklands oil and gas 63.0 Bn barrels.

Private companies.

Argos resources and Arcadia, analysts believe they have 16 Bn barrels, but they are being cagey.

Construction is under way, and the first drill rig is already there.

As you have said in the past, oil prices will rise as stocks dwindle, making this a very important area.

But watch out for the Argentinians, they are not very happy.

 

[joe-90]

These are simply claims by companies looking for investment money - just wishful thinking.