Oil running out myth (Charlie Gallagher)
I have just listened to Jim Sillars and George Galloway, along with all the others who bang on about the oil running out.
Let’s dispel once and for all the myth that the oil is running out. This might be true for the North Sea but it’s certainly not true for the Atlantic margin. In fact there is a field off Campbeltown that as some like to say is “shovel ready” and the only thing blocking it going into a production phase is the Ministry Of Defence, because it will interfere with them playing with their nuclear submarines.
Last Saturday’s Althing debated Scottish independence and I raised the question: “How many of those present were aware that last year the Westminster government sneaked out an invitation to oil companies to bid for 2,500+ exploration blocks between the Scottish/Faroese boundary and the Scottish/Irish boundary?”
I asked this directly to the “incredible ‘no’ men” on the panel, namely Alistair Carmichael and Ian Duncan, and quelle surprise, they ducked the question and did not answer.
Over the last 40 years preliminary surveys have shown that there are huge reserves of oil/gas to be recovered; in fact one of the largest oil/gas basins in the world lies off Lewis. Some oil men conservatively predict that in these western fields there are greater reserves of oil/gas than the whole of the North Sea, including the Norwegian sector and the gas fields of the southern North Sea put together.
If we are not careful we will be done out of our natural resources in exactly the same way as happened after the McCrone report in the 1970s. A report that Denis Healey quite recently freely admitted that both Labour and Tories had misled the people of Scotland.
So let’s cut out the crap and the sophistry that the oil is declining and make it quite clear that once again Westminster has its greedy eyes on these vast untapped resources to dig them out of another hole just as Thatcher did in the 1980s.
Tigh Na Mara,