Drill baby drill!
But we're running out of carbon based fuels aren't we?
Randy Oldman wrote:
But we're running out of carbon based fuels aren't we?
Let's say the oil is really easy to collect and half of it is actually available. That's 50 billion barrels. The UK alone will rip through that in 10 years.
Hopefully it will stay in the ground. CO2 levels too high already...
Chillingham Castle wrote:
http://www.marketwatch.com/story/100-billion-barrel-oil-discovery-sends-shares-of-uk-firm-soaring-200-2015-04-09
Don't get too excited about a number like 100 billion. The number is likely to be revised downward considerably. In all likelihood, most is not recoverable.
To put things is perspective, the most productive conventional oil field ever is the Ghawar field in Saudi Arabia at an original estimated reserves of 100 billion barrels. Since 1951, an estimated 65 billion has been recovered. No field discovered has come close to that level of performance in terms of absolute volume of reserves or amount potentially recoverable.
I drink your Milkshake!
Let's do an experiment. Burn it all at once and see if global warming happens.