- Conventional Oil 101

RE · 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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- Conventional Oil 101

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