FROM A REGULAR CONTRIBUTOR
John,
I ran across these articles about a large oil discovery off the coast of Ireland.
‘More than 1 billion barrels worth of oil’ discovered off coast of Cork
Barryroe oil discovery four times what was expected
It is too early to guess whether the discovery is large enough to develop, but if it is then it is my guess that the company developing this field will want to transport the oil to shore via pipeline. So, it would appear the Irish are going to have another pipeline issue to contend with, only this time it will carry oil.
Wonder if Royal Dutch Shell will consider tendering an offer for the discovery ???