Guest essay by Eric Worrall
According to Reuters;
(Reuters) – A small oil find near London’s Gatwick airport contains much more oil than first estimated, an independent report commissioned by the field’s developers said on Thursday.
London-listed UK Oil & Gas Investments said the report estimated 158 million barrels per square mile could be lying below the site just north of Britain’s second-largest airport, much more than first thought.
The oil field was originally estimated to contain around 20 million barrels.
The new estimate is good news for local jobs – the oil field obviously has significant potential to provide a badly needed economic boost to the region. Nearby metropolitan areas of London, such as parts of Croydon, and some areas of the surrounding counties, are among the most deprived areas in England.
The oil field is just a short drive from Brighton, one of the most radically green cities in Britain. In 2010, Brighton Pavilion became the first region to elect a Green MP to Britain’s national Parliament.