Page 1 of 1

Cornish Oil

Posted: Wed Oct 10, 2012 7:24 pm
by KingMark
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...

Re: Cornish Oil

Posted: Wed Oct 10, 2012 7:51 pm
by zennorman2
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