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