One billion barrels of 'oil' found on the sea

[FourScore]

One billion barrels of 'oil' found on the sea
by Jerome a Paris
Thu May 20, 2010 at 03:12:26 AM PDT

While you guys are facing the worsening-by-the-day consequences of the BP spill, some interesting news came out of the European "oil patch" - ie the North Sea:

UK’s offshore renewable energy could match one billion barrels of oil, report shows

The UK’s offshore renewable energy sector could generate electricity equivalent of one billion barrels of oil annually, matching North Sea oil and gas production, according to a new report.
http://www.newenergyworldnetwork.com/alternative-energy-knowledge-bank/uk%E2%80%99s-offshore-renewable-energy-could-match-one-billion-barrels-of-oil-report-shows.html

(that would be roughly 3 million barrels per day, ie about double current Gulf of Mexico production.)

The research, published by the Offshore Valuation Group and welcomed by industry body RenewableUK, said the offshore renewable energy industry could ensure the UK becomes a net electricity exporter by using less than a third of the total available resource.

At the same level, it would result in cumulative carbon dioxide savings of 1.1 billion tonnes by 2050 and create 145,000 new jobs in the UK with additional tax revenues of £28bn...

MORE AT: http://www.dailykos.com/story/2010/5/20/868126/-One-billion-barrels-of-oil-found-on-the-sea

[msongs]

1. in th US we have no national level advocate for energy independence. don't I wish that

one of our political types would use the BP gulf incident as a base for championing immediate conservation of gas/oil be reducing consumption at the same time as calling for a war (Americans love war ya know) on oil as a base for our economy...energy independence ASAP and all that.

well there is no politician at the national level who has the vision thing for that. oh well.

Msongs

[n2doc]

2. The fact is, there are plenty of renewable energy sources if we want to use them

The other fact is, we don't have the will to use them.

[paparush]

3. I'm glad someone in the world is practicing true LEADERSHIP.

It saddens me that my country, once capable of astonishing feats of innovation and creativity, is bound by greed to fossil fuels.