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    - Conventional Oil 101

    Started by RE May 14, 2024, 05:02 PM

    Message path : / Planetary Material Conditions / Peak oil / Conventional Oil 101 #32


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    RE

    • Administrator
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    • Chief Intellectual Dry Humper
    • Posts: 1,751
     May 14, 2024, 05:02 PM
    My personal WAG is if they wanted to drill it, they probably would need to pay a leasing fee and/or royalties to HRH.   If there was enough money involved, the Brits might agree to it and the UN treaty would be ignored.  Without a monetary agreement, there would be a naval blocked under the UN flag.

    Maybe if the price makes it to $200/bl.  Otherwise, just too fucking remote.  Wave heights and wind speeds down in the roaring 40s would make the whole shipping thing a fucking nightmare.  It's basically a 24/7 hurricane down there.  Great sailing though.  The Sydney-Hobart yacht race is a fun one.  Did it on  a boat owned by a friend of my dad in my teens.  1972 I think.


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