Cornish Oil

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KingMark
Posts: 26
Joined: Sat Aug 20, 2005 9:06 pm

Cornish Oil

Post by KingMark » Wed Oct 10, 2012 7:24 pm

I was interested to read of the "Billions of Pounds" that Ireland is likely to making from its offshore oil reserves and it put me in mind of reports from a few decades ago. Back in the late 70s early 80s when Aberdeen was enjoying the wealth of the North Sea Oil boom I'm sure I remember reports of geological claims that there was oil off Cornwall. Falmouth was to be the future Aberdeen. Does anyone else remember/know anything of this? If true it certainly fuel (sorry!) an interesting debate on ownership...

zennorman2
Posts: 375
Joined: Sun Oct 03, 2010 12:50 pm

Re: Cornish Oil

Post by zennorman2 » Wed Oct 10, 2012 7:51 pm

If invested properly (unlike North Sea that the witch Thatcher had to pay out the dole queues she created on) oil could provide a sustainable income. If Cornwall could get a slice it would have consequences though on prices, more immigration etc

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