Oil and gas seems abundant (to us, in the world's eyes t'would be moderate enough, but still valuable, especially as we're heading towards scarcity) off the West Coast of Ireland as well:
Quote:
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In May 2007 the Department of Communications, Marine and Natural Resources (now replaced by the Department of Communications, Energy and Natural Resources) reported that there may be "volumes over 130 billion barrels of oil and 50 trillion cubic feet of natural gas" in Irish waters[45] - worth trillions of Euro, if true. The minimum 'guaranteed' amount of oil in the Irish Atlantic waters is 10 billion barrels, worth over €450 billion. There are also areas of oil and gas on shore, for example the Lough Allen basin, with 9.4 trillion cubic feet of gas and 1.5 billion barrels of oil, valued at €74.4 billion. Already some fields are being exploited, such as the Spanish Point field, with 1.25 trillion cubic feet of gas and 206 million barrels of oil, valued at €19.6 billion. The Corrib Basin is also quite large, worth anything up to €87 billion, while the Dunquin gas field contains 25 trillion cubic feet of natural gas and 4.13 billion barrels of oil.[45]
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Why don't we, Scotland (North Sea oil), the US and Canada form a kind of wealthy version of OPEC?
Dale, you're a smart man, you can be in charge If ya like, whaddya say (Gunnut is treasurer)
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