Oil off Irish coast :)

[Urbanguerrilla]

Commercial quantities of oil have been discovered off the south coast of Ireland.

Oil in Irish waters

 

[High_Gravity]

Cool, we'll be there shortly to bring you guys freedom and democracy.

 

[Ropey]

Cool, we'll be there shortly to bring you guys freedom and democracy.

+2

 

[Baruch Menachem]

Much weeping was heard in Riayadh today

 

[High_Gravity]

Cool, we'll be there shortly to bring you guys freedom and democracy.

+2

I stopped in Ireland on my way to Kuwait, lovely country with nice looking women and good beer, I would volunteer to deploy there.

 

[ekrem]

Much weeping was heard in Riayadh today

It doesn't give information about quantity of oil-field.
It only says, that one well was tested and it is able to "produce" around 3,500 barrel/day.

US's consumtion in 2010 was 19 Million barel/day:
http://www.bp.com/assets/bp_interne...l_review_of_world_energy_full_report_2011.pdf

Ireland has to find much more Oil to be heard in Riyadh.

 

[Mr. H.]

Much weeping was heard in Riayadh today

It doesn't give information about quantity of oil-field.
It only says, that one well was tested and it is able to "produce" around 3,500 barrel/day.

US's consumtion in 2010 was 19 Million barel/day:
http://www.bp.com/assets/bp_interne...l_review_of_world_energy_full_report_2011.pdf

Ireland has to find much more Oil to be heard in Riyadh.

$400,000 in daily revenues is nothing to sneeze at.
Hundreds employed in primary activity, hundreds more secondarily.
At a minimum 12.5% royalty, Ireland will reap $50,000 daily from one well.
Bravo for Ireland.

 

[Mr. H.]

Oil is where you find it.
It's the last place you look, but you try your best to make it the first. Place.

Profit is a dandy motivator.
And the beneifits of success are many fold.

I will drink to that.

 

[Mr. H.]

Providence Resources.

Note from the story that "shares soared".

Shares- as in, it's a publicly traded company.

You folks probably own a stake in this through your IRA/KEOGH/ etc. and you don't even know it.

 

[Wiseacre]

Here's hoping the Irish catch a break to help them out of the financial hole they're in.

 

[Mr. H.]

Imagine yourself finding 250 ounces of gold, each and every day.
That's the equivalent value of this oil find- $400,000/day.
That's a lot of pot at the end of a really big rainbow.

Smoke it if ya got it.

 

[Urbanguerrilla]

Much weeping was heard in Riayadh today

It doesn't give information about quantity of oil-field.
It only says, that one well was tested and it is able to "produce" around 3,500 barrel/day.

US's consumtion in 2010 was 19 Million barel/day:
http://www.bp.com/assets/bp_interne...l_review_of_world_energy_full_report_2011.pdf

Ireland has to find much more Oil to be heard in Riyadh.

Very true, we wait with baited breath.

This is just a test well. The vid mentions 1 billion barrells but this may be just speculative bs to increase the share price which has risen.

 

[editec]

More oil found?

Oh oh!

Expect still higher prices at the pumps then.