August 28, 2014: Commercial Secret Revealed By the Chief Executive of the Royal Society of Chemistry – Oil and Gas will be Extracted from Scottish Waters for 100 Years
Scottish waters will continue to provide oil for another 100 years, twice as long as previous estimates, according to industry analysts.
Dr Richard Pike, a former oil industry consultant and now the chief executive of the Royal Society of Chemistry, said: “Rather than only getting 20 to 30 billion barrels we are probably looking at more than twice that amount.”
His analysis is supported by petroleum experts who believe there are some 300 fields off the coast of Britain still to be explored and tapped properly.
Dr Pike claims that the industry knows the true figures but refuses to release them because of commercial secrecy.
A spokesman for UK Oil and Gas, the offshore industry’s trade association, said: “The current estimates are that there are around 25 billion barrels left.”
Another good read
http://oilofscotland.org/scottish_north_sea_oil.html
And its Scotlands oil and gas. Wetminster will be forced to return the gas and oil fields it stole from Scotland around 1999. So Scotland’s status as an world energy producer of note remains in place.
The Grok analysis:
https://twitter.com/i/grok/share/Zu5ptV0da9pJ24e3hqzgS2E27
caltonjock 
Aye CJ, yet another unfortunate but glaring example of Scots being robbed of the natural assets surrounding our shores. It is all the more damning that Scots ‘fishing and oil baron’ Sir Ian Wood was at the time preceding the Independence referendum at the heart of preaching doom and gloom about oil ‘reserves’ running out in lockstep with PM Cameron.
Weeks later Cameron and BP announce to the world a massive new find in the Clair oilfield off Shetland. The mendacity employed by Wood, Cameron et al to the detriment of Scotland’s future was there for all to see yet not a whimper was heard from the SNP at Holyrood OR Westminster! We must ask ourselves, WHY?
LikeLiked by 1 person