An Edinburgh University Professor says North Sea oil and gas has only ten years left while the Wall Street Journal describes it as an ‘oil hot spot’ and Oil and Gas UK doesn’t recognise his figures. Who’s right?

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John Robertson
An Edinburgh University Professor says North Sea oil and gas has only ten years left while the Wall Street Journal describes it as an ‘oil hot spot’ and Oil and Gas UK doesn’t recognise his figures. Who’s right?

Professor Thompson of Edinburgh University’s school of Geosciences said: ‘an analysis of production decline in offshore fields showed the industry is entering its final decade.’ Before going any further, I take it he’s not referring to or considering the massive discoveries already made west of Shetland? See: Estimates of Scotland’s oil reserves West of Shetland now massively increased to around 8 billion barrels! ‘A super-resource now on the cards.’ Professor Thompson says also: ‘we need a bold transition to renewables, energy…

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John Robertson
An Edinburgh University Professor says North Sea oil and gas has only ten years left while the Wall Street Journal describes it as an ‘oil hot spot’ and Oil and Gas UK doesn’t recognise his figures. Who’s right?