Study Indicates a Near-Term Oil Shortfall for the UK
S. Himmelstein | September 20, 2017
Oil rig in the North Sea. (Image: Thinkstock)The UK appears to be running out of oil, according to University of Edinburgh, Scotland, researchers.
Analysis of output from offshore oilfields leads researchers to estimate that about 10% of the UK’s recoverable oil and gas remains - about 11% of oil resources and 9% of gas resources. Discoveries of new hydrocarbon reserves have consistently lagged behind output since the point of peak oil recovery in the late 1990s. And a dearth of sites with suitable geology renders fracking economically infeasible.
The country may be entering its last decade of oil and gas production, pointing to a near-term need to import all of these resources. Increased penetration of offshore wind, solar, and other forms of renewable energy is advocated.
The research appears in The Edinburgh Geologist, published by the Edinburgh Geological Society.
fear not. American fracking will supply them for many decades to come.
We've been told this before just before they hike the price to bleed the motorist again then in a few weeks the price comes down the oil company's are richer the motorist's are poorer and the government is like scrooge wringing its hands that it has more of our money to fund their inflated pensions.
If every motorist were to boycott the two biggest oil companies for say 1 month the prices would come down quicker than you could say price rise.
Bazzer
In reply to #2
Nice to ploy to enure you drive electric cars. They will have their way and you will enjoy their democratic choice they have taken for you.
Oh shock horror, the majority actually do want to leave the EU!!! Not a problem they just never understood! We can fix it.
Oh dear, an oopsy moment!
You can still go to work on an egg
In reply to #3
The problem is if we all go electric where will we get the power to charge them? a survey said it would take 4 nuclear power stations if all vehicles go electric that's four new ones on top of what we've got.
Bazzer
In reply to #4
And the last coal fire station closes next year. You will import from Norway, Sweden, France, Why do think they are busy installing all the DC interconnectors and undersea cables as of late. The new French connector that runs through the tunnel, the new cables that run from Scotland to Norway, Scotland to Wales, to England to France. You are going to pay the folks in Europe for your electric. Reality sucks.